Canada Goose (NYSE:GOOS) Rating Increased to Hold at Zacks Investment Research

Canada Goose (NYSE:GOOS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “

A number of other equities research analysts have also recently commented on GOOS. CIBC lifted their price objective on Canada Goose from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. Wells Fargo & Company reissued a “buy” rating and set a C$60.00 price target on shares of Canada Goose in a research report on Friday, July 23rd. TD Securities downgraded Canada Goose from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Thursday, August 12th. OTR Global upgraded Canada Goose from a “mixed” rating to a “positive” rating in a research note on Friday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on Canada Goose in a research note on Wednesday, July 14th. They issued a “neutral” rating and a $46.00 price target for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $50.65.

Canada Goose stock traded up $0.84 during midday trading on Wednesday, reaching $38.47. 453,741 shares of the company were exchanged, compared to its average volume of 1,113,862. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.65 and a current ratio of 3.38. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 93.83, a P/E/G ratio of 1.60 and a beta of 1.65. The firm’s 50-day simple moving average is $38.34 and its 200-day simple moving average is $40.11. Canada Goose has a 1 year low of $28.10 and a 1 year high of $50.05.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Tuesday, August 10th. The company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.15). Canada Goose had a net margin of 6.39% and a return on equity of 12.66%. The firm had revenue of $45.83 million during the quarter. On average, analysts forecast that Canada Goose will post 0.87 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Canada Goose by 26.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,634 shares of the company’s stock valued at $115,000 after buying an additional 559 shares during the period. State Street Corp raised its position in shares of Canada Goose by 2.8% during the 2nd quarter. State Street Corp now owns 29,488 shares of the company’s stock valued at $1,290,000 after acquiring an additional 810 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Canada Goose by 38.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,639 shares of the company’s stock valued at $159,000 after acquiring an additional 1,005 shares in the last quarter. Tobam raised its position in shares of Canada Goose by 1.1% during the 2nd quarter. Tobam now owns 112,669 shares of the company’s stock valued at $4,930,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Canada Goose by 86.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,936 shares of the company’s stock worth $115,000 after buying an additional 1,358 shares during the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s stock.

About Canada Goose

Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.

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