Canada Goose (NYSE:GOOS) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Canada Goose (NYSE:GOOS) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

GOOS has been the topic of several other reports. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Robert W. Baird cut shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. UBS Group upped their price objective on shares of Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Barclays cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $12.00 to $10.00 in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Price Performance

Canada Goose stock traded up $0.68 during trading hours on Monday, hitting $11.20. 93,045 shares of the stock were exchanged, compared to its average volume of 683,873. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12. The stock has a market capitalization of $1.09 billion, a P/E ratio of 86.43 and a beta of 1.77. Canada Goose has a 12 month low of $6.73 and a 12 month high of $15.43. The business’s 50-day moving average is $11.52 and its two-hundred day moving average is $12.66.

Institutional Trading of Canada Goose

Several hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC grew its stake in shares of Canada Goose by 38.7% during the fourth quarter. DGS Capital Management LLC now owns 24,933 shares of the company’s stock valued at $323,000 after purchasing an additional 6,951 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $248,000. State of Tennessee Department of Treasury bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $194,000. Mackenzie Financial Corp grew its stake in shares of Canada Goose by 64.5% during the fourth quarter. Mackenzie Financial Corp now owns 45,528 shares of the company’s stock valued at $595,000 after purchasing an additional 17,843 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of 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 purchasing an additional 404,374 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Canada Goose Company Profile

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.