Canada Goose Holdings Inc. (GOOS) Stock Rating Lowered by Zacks Investment Research
Canada Goose Holdings Inc. (NYSE:GOOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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. “
A number of other equities analysts also recently weighed in on the stock. Bank of America Corporation raised shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, June 28th. Robert W. Baird reaffirmed a “neutral” rating on shares of Canada Goose Holdings in a research note on Friday, June 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $34.00 target price on shares of Canada Goose Holdings in a research note on Wednesday, September 6th. BidaskClub raised shares of Canada Goose Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Barclays PLC boosted their target price on shares of Canada Goose Holdings from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$26.82.
Canada Goose Holdings (NYSE:GOOS) last announced its earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million during the quarter, compared to the consensus estimate of C$16.50 million. The firm’s revenue was up 79.6% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Canada Goose Holdings during the 2nd quarter worth approximately $127,000. Forward Management LLC acquired a new stake in shares of Canada Goose Holdings during the 2nd quarter worth approximately $134,000. Nationwide Fund Advisors grew its position in shares of Canada Goose Holdings by 2.7% during the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after buying an additional 210 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Canada Goose Holdings during the 2nd quarter worth approximately $226,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Canada Goose Holdings during the 2nd quarter worth approximately $235,000. Institutional investors own 26.23% of the company’s stock.
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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