Canada Goose (NYSE:GOOS) Rating Lowered to Hold at Robert W. Baird

Canada Goose (NYSE:GOOS) was downgraded by Robert W. Baird from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Wall Street Zen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lowered Canada Goose from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $12.00 to $10.00 in a research note on Friday. Zacks Research downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a report on Friday. Finally, UBS Group boosted their target price on shares of Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Canada Goose presently has an average rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $11.26 on Thursday. Canada Goose has a one year low of $6.73 and a one year high of $15.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.82. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 86.62 and a beta of 1.78. The firm has a 50 day simple moving average of $12.97 and a 200 day simple moving average of $13.07.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Canada Goose had a return on equity of 14.59% and a net margin of 1.35%.The company had revenue of $195.63 million for the quarter, compared to analyst estimates of $274.05 million. During the same quarter last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Research analysts predict that Canada Goose will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. Northwestern Mutual Wealth Management Co. lifted its position in shares of Canada Goose by 15,788,723.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after purchasing an additional 36,629,838 shares during the period. Portolan Capital Management LLC lifted its position in shares of Canada Goose by 46.2% during the 3rd quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock valued at $29,979,000 after acquiring an additional 686,504 shares during the period. Bank of America Corp DE boosted its stake in Canada Goose by 1,557.5% during the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after acquiring an additional 1,189,523 shares in the last quarter. Marshall Wace LLP boosted its stake in Canada Goose by 115.3% during the second quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock worth $12,543,000 after acquiring an additional 600,242 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in Canada Goose by 2.7% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,047,971 shares of the company’s stock worth $11,728,000 after purchasing an additional 27,170 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Key Canada Goose News

Here are the key news stories impacting Canada Goose this week:

• Positive Sentiment: Broad-based revenue growth and management’s message that recent margin actions were deliberate to drive product relevance and brand momentum — supports a recovery if sales keep accelerating. Q3 Press Release
• Positive Sentiment: Strategic leadership move: appointment of Patrick Bourke as President, North America to focus on retail/wholesale execution and brand momentum in GEO’s largest market. Appointment Release
• Positive Sentiment: Some analysts/commentators view the share-price drop as a buying opportunity given an improved top line and a forward P/E below historical averages — a potential catalyst if margins normalize. SA Buy-the-Dip
• Neutral Sentiment: Company released slide deck and earnings materials (useful for modeling/management guidance). Investors should review the deck and call transcript for FY guidance and margin cadence. Earnings Presentation
• Negative Sentiment: Margins and profit disappointed: multiple outlets report an earnings/margin miss tied to heavier SG&A (marketing) and one‑time wholesale bad‑debt/charges, which triggered an immediate stock selloff and analyst downgrades. Financial Post Investing.com
• Negative Sentiment: Regulatory/legal risk: an investor litigation/investigation notice was filed after the earnings release, adding uncertainty and potential headline risk. GlobeNewswire

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.