Canada Goose's (GOOS) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Canada Goose's stock was reaffirmed with a "sell (D+)" rating by Weiss Ratings, indicating ongoing challenges in the company's performance outlook.
• The stock price recently fell 2.1% to $13.62, while the company has a market capitalization of approximately $1.32 billion.
• Despite a disappointing quarterly earnings report with a loss of $0.66 per share, Canada Goose reported revenue that surpassed analysts' expectations at $77.91 million.

Canada Goose (NYSE:GOOS - Get Free Report)'s stock had its "sell (d+)" rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

GOOS has been the topic of a number of other reports. Baird R W raised shares of Canada Goose from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Wells Fargo & Company raised shares of Canada Goose from an "equal weight" rating to an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. 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, August 1st. Finally, Robert W. Baird set a $28.00 price target on shares of Canada Goose in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Canada Goose has an average rating of "Hold" and a consensus price target of $15.00.

Canada Goose Stock Down 2.1%

Shares of Canada Goose stock traded down $0.29 during trading hours on Wednesday, reaching $13.62. The company's stock had a trading volume of 218,734 shares, compared to its average volume of 1,157,924. Canada Goose has a one year low of $6.73 and a one year high of $15.43. The company has a market capitalization of $1.32 billion, a P/E ratio of 39.92, a P/E/G ratio of 1.07 and a beta of 1.62. The stock's fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $11.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 2.02.

Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). Canada Goose had a net margin of 3.48% and a return on equity of 19.85%. The business had revenue of $77.91 million during the quarter, compared to the consensus estimate of $68.33 million. During the same period last year, the business posted $0.78 earnings per share. On average, research analysts forecast that Canada Goose will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Several hedge funds have recently bought and sold shares of GOOS. Bank of America Corp DE grew its holdings in shares of 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 valued at $14,165,000 after purchasing an additional 1,189,523 shares during the last quarter. Headwater Capital Co Ltd bought a new stake in Canada Goose in the 2nd quarter worth $7,385,000. Marshall Wace LLP grew its holdings in Canada Goose by 115.3% in the 2nd quarter. Marshall Wace LLP now owns 1,120,956 shares of the company's stock worth $12,543,000 after acquiring an additional 600,242 shares during the last quarter. Jump Financial LLC grew its holdings in Canada Goose by 1,064.7% in the 2nd quarter. Jump Financial LLC now owns 323,054 shares of the company's stock worth $3,615,000 after acquiring an additional 295,318 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Canada Goose in the 2nd quarter worth $2,353,000. 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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