Canada Goose (NYSE:GOOS) Upgraded at Zacks Research

Zacks Research upgraded shares of Canada Goose (NYSE:GOOS) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

GOOS has been the topic of a number of other reports. The Goldman Sachs Group restated a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Wall Street Zen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Robert W. Baird cut Canada Goose from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Barclays cut Canada Goose from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $12.00 to $10.00 in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Price Performance

NYSE:GOOS opened at $10.95 on Monday. Canada Goose has a 52 week low of $6.73 and a 52 week high of $15.43. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.06 billion, a PE ratio of 84.19 and a beta of 1.77. The stock’s 50-day moving average price is $11.49 and its 200-day moving average price is $12.65.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GOOS. Caitong International Asset Management Co. Ltd purchased a new position in Canada Goose in the 4th quarter worth approximately $27,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Canada Goose during the 3rd quarter valued at approximately $45,000. US Bancorp DE purchased a new stake in shares of Canada Goose during the 3rd quarter valued at approximately $83,000. Plato Investment Management Ltd purchased a new stake in shares of Canada Goose during the 3rd quarter valued at approximately $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 valued at $105,000 after buying an additional 1,893 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

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.