Canada Goose Holdings Inc. (GOOS) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of Canada Goose Holdings Inc. (NYSE:GOOS) from a buy rating to a hold rating in a research report sent to investors on Monday.
According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “
GOOS has been the subject of a number of other research reports. Barclays PLC reiterated an overweight rating and set a $19.00 price target on shares of Canada Goose Holdings in a research note on Tuesday, May 30th. Wells Fargo & Company reiterated an outperform rating and set a $32.00 price target on shares of Canada Goose Holdings in a research note on Monday, June 5th. ValuEngine downgraded Canada Goose Holdings from a hold rating to a sell rating in a research note on Saturday, June 3rd. Instinet reiterated a neutral rating and set a $26.00 price target on shares of Canada Goose Holdings in a research note on Monday, August 14th. Finally, Canaccord Genuity reiterated a buy rating and set a $34.00 price target on shares of Canada Goose Holdings in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of C$26.73.
Shares of Canada Goose Holdings (GOOS) opened at 19.09 on Monday. The company’s 50-day moving average price is $18.57 and its 200 day moving average price is $18.25. The company has a market cap of $2.04 billion and a price-to-earnings ratio of 106.06. Canada Goose Holdings has a 12-month low of $15.20 and a 12-month high of $24.32.
Canada Goose Holdings (NYSE:GOOS) last issued its earnings results on Thursday, August 10th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The firm had revenue of $28.20 million during the quarter, compared to analyst estimates of $16.50 million. The business’s revenue was up 79.6% on a year-over-year basis. Equities analysts predict that Canada Goose Holdings will post $0.45 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Canada Goose Holdings by 71.4% in the 2nd quarter. FMR LLC now owns 4,904,394 shares of the company’s stock worth $96,887,000 after purchasing an additional 2,043,794 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Canada Goose Holdings by 58.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after purchasing an additional 812,532 shares during the period. Fred Alger Management Inc. raised its holdings in shares of Canada Goose Holdings by 56.3% in the 2nd quarter. Fred Alger Management Inc. now owns 813,020 shares of the company’s stock worth $16,057,000 after purchasing an additional 292,805 shares during the period. Eagle Asset Management Inc. raised its holdings in shares of Canada Goose Holdings by 165.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock worth $14,246,000 after purchasing an additional 449,182 shares during the period. Finally, Laurion Capital Management LP raised its holdings in shares of Canada Goose Holdings by 509.7% in the 2nd quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock worth $12,042,000 after purchasing an additional 509,700 shares during the period. 26.23% of the stock is currently owned by institutional investors.
About Canada Goose Holdings
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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