Canada Goose (NYSE:GOOS) Now Covered by TD Cowen

TD Cowen started coverage on shares of Canada Goose (NYSE:GOOS) in a report issued on Friday,Zacks reports. The brokerage issued a strong-buy rating on the stock.

Several other equities analysts have also issued reports on the company. Weiss Ratings lowered Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. UBS Group lowered their price target on Canada Goose from $10.50 to $9.00 and set a “neutral” rating for the company in a report on Wednesday. Robert W. Baird set a $11.41 price objective on Canada Goose in a research report on Friday, July 31st. Wall Street Zen lowered Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research raised Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.48.

Canada Goose Stock Performance

Shares of NYSE:GOOS opened at $8.03 on Friday. The company’s 50 day simple moving average is $7.90 and its 200 day simple moving average is $9.98. The stock has a market capitalization of $783.72 million, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 0.61 and a beta of 1.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. Canada Goose has a 1 year low of $7.36 and a 1 year high of $14.60.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.64) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The business had revenue of $83.71 million during the quarter, compared to the consensus estimate of $76.34 million. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. As a group, research analysts predict that Canada Goose will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. Dimensional Fund Advisors LP increased its holdings in Canada Goose by 47.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock worth $6,233,000 after purchasing an additional 182,916 shares in the last quarter. Royal Bank of Canada raised its position in Canada Goose by 4.2% in the first quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock valued at $2,970,000 after purchasing an additional 11,015 shares during the last quarter. Great Hill Capital LLC raised its position in Canada Goose by 62.0% in the first quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock valued at $1,449,000 after purchasing an additional 50,529 shares during the last quarter. Clough Capital Partners L P bought a new position in Canada Goose in the first quarter valued at about $917,000. Finally, Spark Investment Management LLC boosted its stake in shares of Canada Goose by 52.6% during the second quarter. Spark Investment Management LLC now owns 58,000 shares of the company’s stock valued at $549,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells luxury apparel and accessories focused on cold-weather performance. Its product range includes parkas, jackets, vests, knitwear, footwear, gloves, hats, and other seasonal apparel for women, men, and children.

The company traces its origins to 1957, when Metro Sportswear was established in Toronto. It later adopted the Canada Goose name and built its reputation around insulated outerwear designed for harsh climates, combining technical materials and construction with premium fashion positioning.

Canada Goose sells its products through company-operated retail stores, e-commerce platforms, and select wholesale partners.