Canada Goose (NYSE:GOOS) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Canada Goose (NYSE:GOOS) from a "hold" to a "buy" in a report released Sunday, even as other firms like Goldman Sachs and Barclays recently issued negative ratings.
• MarketBeat data shows a mixed analyst picture — 2 buys, 3 holds, 4 sells — with a consensus rating of "Reduce" and an average price target of $15.17.
• GOOS opened at $11.22, has a market cap of about $1.09 billion, a P/E of 86.31 and a 52-week range of $6.73–$15.43, while institutional investors own roughly 83.6% of the stock (notably a large stake reported for Northwestern Mutual).

Canada Goose (NYSE:GOOS - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

GOOS has been the subject of a number of other reports. The Goldman Sachs Group reissued a "sell" rating on shares of Canada Goose in a research report on Friday, February 6th. Barclays lowered Canada Goose from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $12.00 to $10.00 in a research report on Friday, February 6th. Zacks Research cut Canada Goose from a "hold" rating to a "strong sell" rating in a research note on Friday, January 30th. UBS Group increased their price objective on Canada Goose from $12.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Finally, Robert W. Baird lowered shares of Canada Goose from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $15.17.

Canada Goose Stock Performance

NYSE GOOS opened at $11.22 on Friday. The company has a fifty day moving average of $12.53 and a two-hundred day moving average of $13.06. The company has a market capitalization of $1.09 billion, a PE ratio of 86.31 and a beta of 1.72. Canada Goose has a 1 year low of $6.73 and a 1 year high of $15.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28.

Institutional Trading of Canada Goose

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Canada Goose by 15,788,723.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company's stock valued at $474,359,000 after buying an additional 36,629,838 shares during the last quarter. Bank of America Corp DE raised its position in Canada Goose by 1,557.5% during the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company's stock worth $14,165,000 after buying an additional 1,189,523 shares during the last quarter. Marshall Wace LLP raised its position in Canada Goose by 132.5% during the 4th quarter. Marshall Wace LLP now owns 1,540,714 shares of the company's stock worth $19,952,000 after buying an additional 877,987 shares during the last quarter. Portolan Capital Management LLC lifted its stake in shares of Canada Goose by 46.2% in the 3rd quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company's stock worth $29,979,000 after acquiring an additional 686,504 shares during the period. Finally, Headwater Capital Co Ltd purchased a new stake in shares of Canada Goose in the second quarter valued at about $7,385,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

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.

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