Canada Goose (NYSE:GOOS) Rating Lowered to Strong Sell at Zacks Research

Canada Goose (NYSE:GOOSGet Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on GOOS. UBS Group dropped their price target on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday. Weiss Ratings cut shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Williams Trading cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Finally, Barclays cut their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Canada Goose has an average rating of “Reduce” and an average price target of $11.78.

Check Out Our Latest Research Report on Canada Goose

Canada Goose Price Performance

Shares of GOOS stock opened at $8.82 on Monday. The firm has a market cap of $856.40 million, a price-to-earnings ratio of 22.61 and a beta of 1.62. Canada Goose has a 12 month low of $8.68 and a 12 month high of $15.40. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $9.61 and a 200 day moving average price of $10.81.

Canada Goose (NYSE:GOOSGet Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.06. The company had revenue of $83.71 million for the quarter, compared to the consensus estimate of $76.34 million. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Research analysts expect that Canada Goose will post 0.79 EPS for the current year.

Institutional Trading of Canada Goose

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Canada Goose in the 4th quarter valued at approximately $27,000. PenderFund Capital Management Ltd. bought a new position in Canada Goose during the 3rd quarter worth approximately $45,000. US Bancorp DE acquired a new position in Canada Goose during the third quarter valued at approximately $83,000. CANADA LIFE ASSURANCE Co grew its holdings in Canada Goose by 30.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the period. Finally, Stifel Financial Corp bought a new stake in Canada Goose in the fourth quarter valued at approximately $138,000. 83.64% of the stock is owned by institutional investors.

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.

Further Reading

Analyst Recommendations for Canada Goose (NYSE:GOOS)

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