Wall Street Zen Downgrades Canada Goose (NYSE:GOOS) to Hold

Canada Goose (NYSE:GOOS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Evercore raised their price objective on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a report on Friday, November 7th. Robert W. Baird cut Canada Goose from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. UBS Group raised their price target on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, January 21st. Two research 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. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $15.17.

Canada Goose Stock Down 1.4%

Shares of GOOS opened at $12.32 on Friday. The firm has a fifty day moving average price of $12.64 and a 200-day moving average price of $13.03. The company has a current ratio of 2.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.20 billion, a P/E ratio of 94.77 and a beta of 1.78. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43.

Hedge Funds Weigh In On Canada Goose

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Canada Goose by 139.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company’s stock valued at $2,458,000 after buying an additional 179,946 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Canada Goose during the second quarter valued at approximately $515,000. GAM Holding AG acquired a new stake in Canada Goose in the second quarter valued at approximately $1,119,000. Versor Investments LP grew its holdings in Canada Goose by 14.3% in the second quarter. Versor Investments LP now owns 38,988 shares of the company’s stock worth $436,000 after purchasing an additional 4,888 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its position in shares of Canada Goose by 2.7% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,047,971 shares of the company’s stock worth $11,728,000 after purchasing an additional 27,170 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.