Canada Goose (NYSE:GOOS) Upgraded at Wall Street Zen

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

Other analysts have also issued research reports about the company. Barclays lowered Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $12.00 to $10.00 in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, January 21st. Evercore boosted their target price on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Friday, November 7th. The Goldman Sachs Group restated a “sell” rating on shares of Canada Goose in a research note on Friday. Finally, Zacks Research downgraded shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Trading Up 5.9%

GOOS opened at $11.90 on Friday. The stock has a fifty day moving average price of $12.92 and a 200-day moving average price of $13.03. Canada Goose has a 12 month low of $6.73 and a 12 month high of $15.43. The company has a current ratio of 2.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 91.54 and a beta of 1.78.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. acquired a new stake in shares of Canada Goose in the third quarter valued at $45,000. US Bancorp DE purchased a new position in shares of Canada Goose in the 3rd quarter valued at about $83,000. Plato Investment Management Ltd acquired a new position in shares of Canada Goose during the third quarter worth about $88,000. Evergreen Capital Management LLC purchased a new stake in shares of Canada Goose during the fourth quarter worth approximately $147,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Canada Goose during the second quarter worth approximately $139,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.