Canada Goose (NYSE:GOOS) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Canada Goose (NYSE:GOOS) from a hold rating to a buy rating in a research report released on Sunday.

A number of other brokerages also recently weighed in on GOOS. The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Zacks Research lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. UBS Group raised their target price on Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Barclays downgraded Canada Goose from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $12.00 to $10.00 in a report on Friday, February 6th. Finally, Robert W. Baird lowered Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 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 $11.22 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 86.31 and a beta of 1.72. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43. The company’s fifty day simple moving average is $12.53 and its 200 day simple moving average is $13.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOS. Caitong International Asset Management Co. Ltd bought a new position in shares of Canada Goose in the fourth quarter valued at $27,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Canada Goose in the 3rd quarter worth about $45,000. US Bancorp DE bought a new position in Canada Goose in the 3rd quarter valued at about $83,000. Plato Investment Management Ltd acquired a new position in Canada Goose during the 3rd quarter valued at about $88,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Canada Goose by 30.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after purchasing an additional 1,893 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.