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

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

A number of other brokerages have also recently issued reports on GOOS. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Barclays lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $12.00 to $10.00 in a research report on Friday. Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a research note on Friday. Two 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’s stock. Based on data from MarketBeat, Canada Goose has a consensus rating of “Reduce” and a consensus target price of $15.17.

Canada Goose Price Performance

Canada Goose stock opened at $11.26 on Thursday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 86.62 and a beta of 1.78. The company has a current ratio of 1.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. Canada Goose has a 12 month low of $6.73 and a 12 month high of $15.43. The stock’s 50 day moving average is $12.97 and its 200-day moving average is $13.07.

Canada Goose (NYSE:GOOS) last released 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 net margin of 1.35% and a return on equity of 14.59%. The firm had revenue of $195.63 million during the quarter, compared to the consensus estimate of $274.05 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts expect that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Canada Goose by 139.2% during the first quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company’s stock worth $2,458,000 after purchasing an additional 179,946 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Canada Goose during the 2nd quarter worth $151,000. TD Asset Management Inc lifted its position in shares of Canada Goose by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 58,778 shares of the company’s stock worth $656,000 after buying an additional 7,266 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Canada Goose in the second quarter valued at about $515,000. Finally, GAM Holding AG acquired a new stake in Canada Goose in the second quarter valued at about $1,119,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Canada Goose

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

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.