Canada Goose (NYSE:GOOS) Stock Lifted to Hold by Zacks Research

by · The Cerbat Gem

Canada Goose (NYSE:GOOS – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other brokerages have also recently weighed in on GOOS. TD Cowen lifted their price objective on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group reduced their target price on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Williams Trading cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Weiss Ratings downgraded shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, Robert W. Baird set a $11.41 price objective on Canada Goose in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $11.78.

Read Our Latest Stock Analysis on Canada Goose

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $7.71 on Monday. The business has a 50-day moving average of $8.31 and a 200 day moving average of $9.67. Canada Goose has a 12 month low of $7.36 and a 12 month high of $14.69. The stock has a market capitalization of $752.47 million, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97.

Canada Goose (NYSE:GOOS – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.06. The company had revenue of $83.71 million during the quarter, compared to the consensus estimate of $76.34 million. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.Canada Goose’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. As a group, sell-side analysts forecast that Canada Goose will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. Lazard Asset Management LLC purchased a new stake in shares of Canada Goose in the 1st quarter valued at approximately $160,000. Spark Investment Management LLC purchased a new stake in shares of Canada Goose during the 4th quarter worth $207,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Canada Goose during the 2nd quarter worth $177,000. 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 worth $323,000 after purchasing an additional 6,951 shares in the last quarter. Finally, Penn Capital Management Company LLC acquired a new position in shares of Canada Goose during the second quarter worth $247,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Company Profile

(Get Free Report)

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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