TD Cowen Begins Coverage on Canada Goose (NYSE:GOOS)

TD Cowen began coverage on shares of Canada Goose (NYSE:GOOS) in a research note issued to investors on Friday, Zacks reports. The firm set a “strong-buy” rating on the stock.

Several other research analysts also recently weighed in on GOOS. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Robert W. Baird set a $11.41 target price on Canada Goose in a research report on Friday, July 31st. Williams Trading downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Weiss Ratings lowered Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Finally, UBS Group reduced their price objective on Canada Goose from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $11.48.

Canada Goose Stock Performance

GOOS opened at $8.03 on Friday. The firm has a market cap of $783.72 million, a PE ratio of 20.58, a P/E/G ratio of 0.61 and a beta of 1.65. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $7.90 and a 200-day simple moving average of $9.98. Canada Goose has a fifty-two week low of $7.36 and a fifty-two week high of $14.60.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.06. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%. The company had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Canada Goose’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities analysts predict that Canada Goose will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in shares of Canada Goose by 36.7% in the 2nd quarter. Engineers Gate Manager LP now owns 47,565 shares of the company’s stock valued at $452,000 after buying an additional 12,775 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Canada Goose in the second quarter valued at approximately $367,000. Spark Investment Management LLC grew its position in Canada Goose by 52.6% in the second quarter. Spark Investment Management LLC now owns 58,000 shares of the company’s stock worth $549,000 after acquiring an additional 20,000 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in Canada Goose in the second quarter worth approximately $247,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Canada Goose in the second quarter worth approximately $177,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells luxury apparel and accessories focused on cold-weather performance. Its product range includes parkas, jackets, vests, knitwear, footwear, gloves, hats, and other seasonal apparel for women, men, and children.

The company traces its origins to 1957, when Metro Sportswear was established in Toronto. It later adopted the Canada Goose name and built its reputation around insulated outerwear designed for harsh climates, combining technical materials and construction with premium fashion positioning.

Canada Goose sells its products through company-operated retail stores, e-commerce platforms, and select wholesale partners.