Canada Goose (NYSE:GOOS) Cut to Hold at Robert W. Baird

Robert W. Baird lowered shares of Canada Goose (NYSE:GOOS) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Evercore upped their target price on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Friday, November 7th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research report on Friday. Barclays lowered Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $12.00 to $10.00 in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Canada Goose has a consensus rating of “Reduce” and an average target price of $15.17.

Canada Goose Stock Performance

GOOS opened at $11.26 on Thursday. The firm has a 50 day moving average of $12.97 and a two-hundred day moving average of $13.06. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43. The firm has a market capitalization of $1.09 billion, a PE ratio of 86.62 and a beta of 1.78. The company has a current ratio of 1.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $195.63 million during the quarter, compared to analyst estimates of $274.05 million. Canada Goose had a net margin of 1.35% and a return on equity of 14.59%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, analysts anticipate that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Canada Goose by 15,788,723.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after purchasing an additional 36,629,838 shares during the last quarter. Bank of America Corp DE raised its holdings in Canada Goose by 1,557.5% during the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Portolan Capital Management LLC lifted its position in shares of Canada Goose by 46.2% during the 3rd quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after buying an additional 686,504 shares during the last quarter. Headwater Capital Co Ltd acquired a new position in shares of Canada Goose in the 2nd quarter valued at $7,385,000. Finally, Marshall Wace LLP grew its position in shares of Canada Goose by 115.3% in the 2nd quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock valued at $12,543,000 after buying an additional 600,242 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose News Summary

Here are the key news stories impacting Canada Goose this week:

• Positive Sentiment: Broad-based revenue growth and management’s message that recent margin actions were deliberate to drive product relevance and brand momentum — supports a recovery if sales keep accelerating. Q3 Press Release
• Positive Sentiment: Strategic leadership move: appointment of Patrick Bourke as President, North America to focus on retail/wholesale execution and brand momentum in GEO’s largest market. Appointment Release
• Positive Sentiment: Some analysts/commentators view the share-price drop as a buying opportunity given an improved top line and a forward P/E below historical averages — a potential catalyst if margins normalize. SA Buy-the-Dip
• Neutral Sentiment: Company released slide deck and earnings materials (useful for modeling/management guidance). Investors should review the deck and call transcript for FY guidance and margin cadence. Earnings Presentation
• Negative Sentiment: Margins and profit disappointed: multiple outlets report an earnings/margin miss tied to heavier SG&A (marketing) and one‑time wholesale bad‑debt/charges, which triggered an immediate stock selloff and analyst downgrades. Financial Post Investing.com
• Negative Sentiment: Regulatory/legal risk: an investor litigation/investigation notice was filed after the earnings release, adding uncertainty and potential headline risk. GlobeNewswire

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.