Zacks Research upgraded shares of Canada Goose (NYSE:GOOS – Free Report) from a strong sell rating to a hold rating in a research note released on Monday,Zacks reports.
Several other equities analysts also recently commented on the company. Robert W. Baird set a $11.41 price objective on Canada Goose in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group dropped their price target on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Weiss Ratings downgraded Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Finally, Williams Trading lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $11.78.
Check Out Our Latest Research Report on Canada Goose
Canada Goose Trading Up 0.5%
Canada Goose (NYSE:GOOS – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.06. The business had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.Canada Goose’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. Research analysts anticipate that Canada Goose will post 0.9 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. Lazard Asset Management LLC purchased a new position in Canada Goose in the 1st quarter worth $160,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Canada Goose during the second quarter valued at approximately $177,000. Spark Investment Management LLC purchased a new stake in Canada Goose during the 4th quarter valued at $207,000. Penn Capital Management Company LLC bought a new position in shares of Canada Goose during the second quarter valued at about $247,000. Finally, DGS Capital Management LLC increased its holdings in Canada Goose by 38.7% during the 4th 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 period. 83.64% of the stock is currently owned by institutional investors.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures and sells performance luxury apparel and accessories under the Canada Goose brand. The company is best known for insulated parkas and winter jackets designed for cold-weather conditions, and its product range also includes lightweight jackets, knitwear, fleece, vests, pants, footwear, gloves, hats and other accessories.
The company sells its products through company-operated retail stores, e-commerce platforms and wholesale partners. Its operations serve customers in North America, Europe and Asia, including markets such as China, Japan and South Korea.
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