Canada Goose (NYSE:GOOS) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Canada Goose has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, while other analysts have issued mixed ratings and adjusted price targets for the stock.
• Canada Goose reported $0.33 earnings per share (EPS) for the last quarter, beating estimates, but fell short of revenue expectations with $266.83 million reported.
• The company's stock opened at $11.27 and has a consensus price target of $11.00, indicating potential stagnation amidst a volatile market.

Canada Goose (NYSE:GOOS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a research report on Friday. Barclays reduced their target price on shares of Canada Goose from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday. Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the company an "in-line" rating in a research report on Thursday, May 22nd. UBS Group restated a "neutral" rating and set a $11.00 price target (up from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.00.

Canada Goose Stock Up 2.9%

Shares of NYSE GOOS opened at $11.27 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.66 and a quick ratio of 1.50. The company has a 50-day moving average price of $12.37 and a 200-day moving average price of $10.31. The stock has a market capitalization of $1.09 billion, a P/E ratio of 33.15, a P/E/G ratio of 0.72 and a beta of 1.45. Canada Goose has a 1 year low of $6.73 and a 1 year high of $15.43.

Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.17. The business had revenue of $266.83 million during the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a return on equity of 19.53% and a net margin of 3.48%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. On average, equities research analysts forecast that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

A number of large investors have recently added to or reduced their stakes in GOOS. Arrowstreet Capital Limited Partnership purchased a new position in Canada Goose in the fourth quarter valued at about $12,251,000. Penn Capital Management Company LLC bought a new stake in shares of Canada Goose in the 4th quarter worth approximately $5,702,000. Portolan Capital Management LLC purchased a new position in Canada Goose in the fourth quarter valued at approximately $4,403,000. Raymond James Financial Inc. bought a new position in Canada Goose during the fourth quarter valued at $3,769,000. Finally, Timucuan Asset Management Inc. FL increased its position in Canada Goose by 10.8% in the first quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company's stock worth $15,489,000 after buying an additional 189,715 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

About Canada Goose

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.

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