Zacks Research Upgrades Canada Goose (NYSE:GOOS) to "Hold"

Key Points

• Zacks Research upgraded Canada Goose (GOOS) from a "strong sell" to a "hold" in a note to investors on Monday.
• Analyst coverage remains mixed—two Buy, four Hold and three Sell—producing a MarketBeat consensus rating of "Reduce" and a consensus target price of $15.17.
• The stock opened at $10.52, has a market cap of about $1.02 billion and a one‑year range of $6.73–$15.43, with a high P/E of 80.91 suggesting stretched valuation relative to current price.

Canada Goose (NYSE:GOOS - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

GOOS has been the subject of a number of other research reports. Robert W. Baird cut shares of Canada Goose from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. Barclays cut shares of Canada Goose from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $12.00 to $10.00 in a research report on Friday, February 6th. UBS Group increased their price objective on shares of Canada Goose from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a "sell" rating on shares of Canada Goose in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Canada Goose in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $15.17.

Canada Goose Stock Performance

Canada Goose stock opened at $10.52 on Monday. The firm has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $12.66. 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. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 80.91 and a beta of 1.77.

Institutional Investors Weigh In On Canada Goose

Several institutional investors have recently modified their holdings of GOOS. Goldman Sachs Group Inc. lifted its position in shares of Canada Goose by 139.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company's stock worth $2,458,000 after purchasing an additional 179,946 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Canada Goose during the 2nd quarter worth $240,000. Russell Investments Group Ltd. lifted its position in shares of Canada Goose by 5.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company's stock worth $324,000 after purchasing an additional 1,630 shares during the last quarter. Invesco Ltd. lifted its position in shares of Canada Goose by 7.2% during the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company's stock worth $169,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Canada Goose by 115.3% during the 2nd quarter. Marshall Wace LLP now owns 1,120,956 shares of the company's stock worth $12,543,000 after purchasing an additional 600,242 shares during the last quarter. 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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