Canada Goose (NYSE:GOOS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Canada Goose (NYSE:GOOS) from a buy rating to a hold rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. Barclays lowered Canada Goose from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $12.00 to $10.00 in a research report on Friday, February 6th. Evercore lifted their price target on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Friday, November 7th. Robert W. Baird downgraded shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Canada Goose has a consensus rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Price Performance

Shares of GOOS opened at $12.32 on Friday. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The firm’s 50-day simple moving average is $12.64 and its two-hundred day simple moving average is $13.04. The stock has a market cap of $1.20 billion, a PE ratio of 94.77 and a beta of 1.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12.

Institutional Trading of Canada Goose

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Canada Goose in the fourth quarter worth about $27,000. PenderFund Capital Management Ltd. bought a new position in shares of Canada Goose in the 3rd quarter worth approximately $45,000. US Bancorp DE bought a new position in shares of Canada Goose in the 3rd quarter worth approximately $83,000. Plato Investment Management Ltd purchased a new position in shares of Canada Goose in the third quarter worth approximately $88,000. Finally, CANADA LIFE ASSURANCE Co grew its position in Canada Goose by 30.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after buying an additional 1,893 shares during the period. 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.