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

Williams Trading upgraded shares of Canada Goose (NYSE:GOOS) from a strong sell rating to a hold rating in a research report sent to investors on Sunday,Zacks.com reports.

A number of other brokerages have also recently commented on GOOS. Barclays lowered their target price on Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday. Zacks Research raised Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird set a $11.66 price target on Canada Goose in a research report on Friday. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Finally, Evercore set a $10.00 price target on Canada Goose in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $11.94.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $9.53 on Friday. The business has a 50-day moving average of $11.09 and a 200 day moving average of $12.23. Canada Goose has a 12 month low of $8.86 and a 12 month high of $15.43. The stock has a market capitalization of $926.04 million, a price-to-earnings ratio of 73.34 and a beta of 1.67. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58.

Canada Goose (NYSE:GOOS) last announced 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 net margin of 1.42% and a return on equity of 14.60%. The firm had revenue of $325.89 million for the quarter, compared to analysts’ expectations of $295.79 million. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Canada Goose will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Canada Goose in the 4th quarter valued at about $27,000. PenderFund Capital Management Ltd. acquired a new stake in Canada Goose in the 3rd quarter valued at about $45,000. US Bancorp DE acquired a new stake in shares of Canada Goose during the 3rd quarter worth about $83,000. Plato Investment Management Ltd acquired a new stake in shares of Canada Goose during the 3rd quarter worth about $88,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Canada Goose by 30.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after acquiring an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.