Canada Goose (NYSE:GOOS) Upgraded at Zacks Research

Zacks Research upgraded shares of Canada Goose (NYSE:GOOS) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Williams Trading raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Sunday, May 17th. Barclays reduced their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Evercore set a $10.00 price target on Canada Goose in a research report on Friday, May 15th. Finally, Robert W. Baird set a $11.66 price objective on Canada Goose in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.53.

Canada Goose Trading Down 5.8%

Canada Goose stock opened at $9.19 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65. Canada Goose has a 52 week low of $9.14 and a 52 week high of $15.40. The company has a market capitalization of $892.23 million, a price-to-earnings ratio of 70.65 and a beta of 1.61. The stock has a 50-day moving average price of $9.70 and a 200 day moving average price of $11.06.

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

Institutional Trading of Canada Goose

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Canada Goose by 15,788,723.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after acquiring an additional 36,629,838 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Canada Goose by 132.5% in the 4th quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock valued at $19,952,000 after purchasing an additional 877,987 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Kessler Investment Group LLC raised its holdings in Canada Goose by 126.8% in the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock worth $8,792,000 after purchasing an additional 379,516 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in Canada Goose by 21.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock worth $7,535,000 after purchasing an additional 101,665 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.