Wall Street Zen Upgrades Canada Goose (NYSE:GOOS) to “Buy”

Canada Goose (NYSE:GOOS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group reissued a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Zacks Research lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. UBS Group increased their price target on shares of Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird downgraded shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Barclays lowered 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 report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $15.17.

Canada Goose Stock Down 0.2%

GOOS opened at $11.17 on Friday. The business’s fifty day simple moving average is $12.49 and its 200 day simple moving average is $13.07. Canada Goose has a 52 week low of $6.73 and a 52 week high of $15.43. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.09 billion, a PE ratio of 85.94 and a beta of 1.72.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in Canada Goose by 139.2% in the first quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company’s stock valued at $2,458,000 after purchasing an additional 179,946 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of Canada Goose by 2.7% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,047,971 shares of the company’s stock valued at $11,728,000 after purchasing an additional 27,170 shares during the period. Acadian Asset Management LLC bought a new position in shares of Canada Goose in the second quarter worth approximately $2,353,000. Headwater Capital Co Ltd purchased a new position in shares of Canada Goose in the second quarter worth $7,385,000. Finally, XTX Topco Ltd purchased a new position in shares of Canada Goose in the second quarter worth $240,000. 83.64% of the stock is currently owned by institutional investors.

About Canada Goose

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.