Canada Goose (NYSE:GOOS) Upgraded by Williams Trading to Hold Rating

Canada Goose (NYSE:GOOSGet Free Report) was upgraded by research analysts at Williams Trading from a “strong sell” rating to a “hold” rating in a research note issued to investors on Sunday,Zacks.com reports.

A number of other equities research analysts have also issued reports on GOOS. Zacks Research upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a report on Monday, April 20th. Wall Street Zen lowered shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group restated a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Finally, Evercore set a $10.00 price target on shares of Canada Goose in a report on Friday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $11.94.

View Our Latest Analysis on GOOS

Canada Goose Stock Down 0.4%

NYSE GOOS opened at $9.53 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The company’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $12.23. Canada Goose has a 12 month low of $8.86 and a 12 month high of $15.43. The company has a market capitalization of $926.04 million, a P/E ratio of 73.34 and a beta of 1.67.

Canada Goose (NYSE:GOOSGet Free Report) last released 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 return on equity of 14.60% and a net margin of 1.42%.The business had revenue of $325.89 million during the quarter, compared to the consensus estimate of $295.79 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts expect that Canada Goose will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently made changes to their positions in GOOS. Goldman Sachs Group Inc. increased its stake in Canada Goose by 139.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company’s stock valued at $2,458,000 after buying an additional 179,946 shares during the period. Russell Investments Group Ltd. increased its stake in Canada Goose by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock valued at $324,000 after buying an additional 1,630 shares during the period. Invesco Ltd. increased its stake in Canada Goose by 7.2% in the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after buying an additional 1,012 shares during the period. Bayesian Capital Management LP acquired a new position in Canada Goose in the 2nd quarter valued at approximately $332,000. Finally, Raymond James Financial Inc. increased its stake in Canada Goose by 12.3% in the 2nd quarter. Raymond James Financial Inc. now owns 488,181 shares of the company’s stock valued at $5,463,000 after buying an additional 53,573 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

About Canada Goose

(Get Free Report)

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.

See Also

Analyst Recommendations for Canada Goose (NYSE:GOOS)

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.