Canada Goose (NYSE:GOOS) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Canada Goose (NYSE:GOOS) from a strong-buy rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on GOOS. TD Cowen boosted their target price on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Evercore set a $10.00 price objective on Canada Goose in a report on Friday, May 15th. Robert W. Baird set a $11.41 price objective on Canada Goose in a research report on Friday. Wall Street Zen downgraded Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings cut Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.78.

Canada Goose Stock Up 0.6%

GOOS opened at $8.82 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $9.61 and a 200-day moving average price of $10.81. Canada Goose has a twelve month low of $8.68 and a twelve month high of $15.40. The stock has a market capitalization of $856.40 million, a price-to-earnings ratio of 22.61 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The company had revenue of $83.71 million for the quarter, compared to the consensus estimate of $76.34 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Canada Goose will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Kessler Investment Group LLC increased its stake in shares of Canada Goose by 126.8% in the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock worth $8,792,000 after purchasing an additional 379,516 shares in the last quarter. Simcoe Capital LLC bought a new stake in Canada Goose during the fourth quarter valued at about $2,649,000. Clough Capital Partners L P bought a new stake in Canada Goose during the first quarter valued at about $917,000. CenterBook Partners LP purchased a new stake in Canada Goose in the fourth quarter worth about $5,363,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Canada Goose by 15,788,723.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after buying an additional 36,629,838 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.