Canada Goose (NYSE:GOOS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Canada Goose (NYSE:GOOS) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other equities research analysts have also issued reports on GOOS. Zacks Research lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Robert W. Baird lowered shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Evercore raised their price target on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Friday, November 7th. The Goldman Sachs Group reissued a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Finally, Barclays lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $12.00 to $10.00 in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $15.17.

Canada Goose Price Performance

GOOS stock opened at $11.98 on Friday. The stock has a market cap of $1.16 billion, a PE ratio of 92.12 and a beta of 1.72. Canada Goose has a 12 month low of $6.73 and a 12 month high of $15.43. The company has a 50-day moving average price of $12.63 and a 200 day moving average price of $13.06. The company has a current ratio of 2.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

Hedge Funds Weigh In On Canada Goose

A number of large investors have recently bought and sold shares of GOOS. Caitong International Asset Management Co. Ltd bought a new stake in Canada Goose during the 4th quarter valued at $27,000. PenderFund Capital Management Ltd. bought a new position in shares of Canada Goose in the 3rd quarter worth $45,000. US Bancorp DE purchased a new stake in shares of Canada Goose during the 3rd quarter worth $83,000. Plato Investment Management Ltd bought a new stake in Canada Goose during the third quarter valued at about $88,000. Finally, CANADA LIFE ASSURANCE Co boosted 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 purchasing an additional 1,893 shares in the last quarter. Institutional investors 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.