Canada Goose (NYSE:GOOS) Downgraded by Williams Trading to “Strong Sell”

Canada Goose (NYSE:GOOS) was downgraded by research analysts at Williams Trading from a “hold” rating to a “strong sell” rating in a report released on Friday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Evercore set a $10.00 price objective on shares of Canada Goose in a research report on Friday, May 15th. Barclays decreased their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Finally, Robert W. Baird set a $11.66 price target on shares of Canada Goose in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.53.

Canada Goose Trading Down 3.1%

Shares of NYSE:GOOS opened at $8.89 on Friday. The business’s 50 day simple moving average is $9.69 and its 200 day simple moving average is $11.04. The company has a market capitalization of $863.38 million, a P/E ratio of 68.37 and a beta of 1.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. Canada Goose has a 1 year low of $8.75 and a 1 year high of $15.40.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The company had revenue of $325.89 million for the quarter, compared to analyst estimates of $295.79 million. During the same period last year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, research analysts anticipate that Canada Goose will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kessler Investment Group LLC increased its position in Canada Goose by 126.8% during 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 acquired a new stake in Canada Goose in the fourth quarter valued at approximately $2,649,000. CenterBook Partners LP bought a new stake in shares of Canada Goose during the fourth quarter worth $5,363,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Canada Goose by 15,788,723.3% during 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 during the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Canada Goose by 21.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock worth $7,535,000 after buying an additional 101,665 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.