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

Canada Goose (NYSE:GOOS) was upgraded by equities researchers at Williams Trading from a “strong sell” rating to a “hold” rating in a research note issued on Sunday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. Zacks Research raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Monday, April 20th. Evercore set a $10.00 price target on shares of Canada Goose in a research note on Friday. Finally, Barclays reduced their price target on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $11.94.

Canada Goose Trading Down 0.4%

Canada Goose stock opened at $9.53 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $12.23. The firm has a market capitalization of $926.04 million, a price-to-earnings ratio of 73.34 and a beta of 1.67. Canada Goose has a 52-week low of $8.86 and a 52-week high of $15.43.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $325.89 million for the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. Sell-side analysts expect that Canada Goose will post 0.83 earnings per share for the current year.

Institutional Trading of Canada Goose

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Canada Goose in the 4th quarter worth approximately $27,000. PenderFund Capital Management Ltd. bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $45,000. US Bancorp DE bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $83,000. Plato Investment Management Ltd bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $88,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after purchasing an additional 1,893 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

About Canada Goose

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.