Williams Trading Downgrades Canada Goose (NYSE:GOOS) to Strong Sell

Canada Goose (NYSE:GOOS) was downgraded by equities research analysts at Williams Trading from a “hold” rating to a “strong sell” rating in a research report issued on Friday,Zacks.com reports.

GOOS has been the topic of several other reports. Wall Street Zen lowered shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday. Barclays reduced their price target on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Weiss Ratings raised shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Zacks Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird set a $11.66 price objective on Canada Goose in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.53.

Canada Goose Stock Performance

Shares of GOOS stock opened at $8.89 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The stock has a market cap of $863.38 million, a PE ratio of 68.37 and a beta of 1.61. The stock has a 50-day moving average of $9.69 and a 200-day moving average of $11.04. Canada Goose has a one year low of $8.75 and a one year high of $15.40.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The firm had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts expect that Canada Goose will post 0.89 earnings per share for the current year.

Institutional Trading of Canada Goose

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Canada Goose in the fourth quarter valued at approximately $27,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Canada Goose during the third quarter worth $45,000. US Bancorp DE acquired a new stake in shares of Canada Goose during the third quarter worth $83,000. CANADA LIFE ASSURANCE Co lifted its position in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after acquiring an additional 1,893 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in Canada Goose in the 4th quarter valued at $138,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Company Profile

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.