Zacks Investment Research Lowers Canada Goose (NYSE:GOOS) to Hold

Zacks Investment Research cut shares of Canada Goose (NYSE:GOOS) from a buy rating to a hold rating in a report issued on Thursday, Zacks.com reports.

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According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “

A number of other research analysts have also issued reports on the stock. DA Davidson lowered shares of Canada Goose from a buy rating to a neutral rating and lowered their target price for the company from $48.00 to $42.00 in a research note on Thursday. Credit Suisse Group lowered their target price on shares of Canada Goose from $76.00 to $72.00 and set an outperform rating on the stock in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $63.87.

Shares of GOOS traded down $0.83 during mid-day trading on Thursday, hitting $37.63. 2,226,159 shares of the company’s stock were exchanged, compared to its average volume of 1,742,147. The firm has a fifty day moving average of $40.59 and a two-hundred day moving average of $42.11. Canada Goose has a twelve month low of $31.67 and a twelve month high of $72.27. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 1.19 and a beta of 3.13. The company has a quick ratio of 0.76, a current ratio of 3.38 and a debt-to-equity ratio of 1.47.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The company had revenue of $71.10 million for the quarter, compared to analyst estimates of $54.38 million. During the same quarter in the prior year, the business posted ($0.16) EPS. Canada Goose’s quarterly revenue was up 59.1% on a year-over-year basis. On average, equities analysts predict that Canada Goose will post 1.26 earnings per share for the current year.

A number of large investors have recently bought and sold shares of GOOS. Broad Peak Investment Holdings Ltd. bought a new stake in Canada Goose in the 3rd quarter valued at $35,653,000. BBVA USA Bancshares Inc. bought a new stake in Canada Goose in the 3rd quarter valued at $443,000. Tower Research Capital LLC TRC boosted its holdings in Canada Goose by 108.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,345 shares of the company’s stock valued at $104,000 after purchasing an additional 1,222 shares during the period. SG Americas Securities LLC boosted its holdings in Canada Goose by 113.5% in the 3rd quarter. SG Americas Securities LLC now owns 9,290 shares of the company’s stock valued at $408,000 after purchasing an additional 4,939 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Canada Goose by 25.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,027 shares of the company’s stock valued at $441,000 after purchasing an additional 2,036 shares during the period. Institutional investors and hedge funds own 51.20% of the company’s stock.

Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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