Canada Goose (NYSE:GOOS) Cut to “Hold” at Wall Street Zen

Canada Goose (NYSE:GOOS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Williams Trading raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Sunday, May 17th. Zacks Research raised Canada Goose from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Evercore set a $10.00 target price on Canada Goose in a research report on Friday, May 15th. Weiss Ratings raised Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Finally, Robert W. Baird set a $11.66 price target on Canada Goose in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.53.

Canada Goose Trading Down 3.1%

Shares of NYSE:GOOS opened at $8.89 on Friday. The stock’s 50-day simple moving average is $9.69 and its two-hundred day simple moving average is $11.04. The stock has a market capitalization of $863.38 million, a price-to-earnings ratio of 68.37 and a beta of 1.61. Canada Goose has a 52-week low of $8.75 and a 52-week high of $15.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The business had revenue of $325.89 million for the quarter, compared to analysts’ expectations of $295.79 million. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts expect that Canada Goose will post 0.89 EPS for the current year.

Institutional Trading of Canada Goose

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Canada Goose by 15,788,723.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after purchasing an additional 36,629,838 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Canada Goose by 1,557.5% in the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after buying an additional 1,189,523 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Canada Goose by 132.5% in the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock worth $19,952,000 after buying an additional 877,987 shares in the last quarter. CenterBook Partners LP bought a new position in Canada Goose during the fourth quarter valued at approximately $5,363,000. Finally, Millennium Management LLC boosted its stake in Canada Goose by 279.8% during the fourth quarter. Millennium Management LLC now owns 548,919 shares of the company’s stock valued at $7,109,000 after buying an additional 404,374 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.