Investment analysts at TD Cowen initiated coverage on shares of Canada Goose (NYSE:GOOS – Get Free Report) in a report released on Friday, Zacks reports. The firm set a “strong-buy” rating on the stock.
GOOS has been the topic of a number of other reports. Williams Trading lowered Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Weiss Ratings cut shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Robert W. Baird set a $11.41 target price on shares of Canada Goose in a research report on Friday, July 31st. Finally, Zacks Research upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Canada Goose currently has a consensus rating of “Reduce” and an average target price of $11.48.
View Our Latest Research Report on Canada Goose
Canada Goose Stock Performance
Shares of GOOS stock opened at $8.03 on Friday. Canada Goose has a 12-month low of $7.36 and a 12-month high of $14.60. The firm has a market capitalization of $783.72 million, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 0.61 and a beta of 1.65. The business has a 50 day simple moving average of $7.90 and a 200 day simple moving average of $9.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97.
Canada Goose (NYSE:GOOS – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.06. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%. The firm had revenue of $83.71 million for the quarter, compared to the consensus estimate of $76.34 million. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts anticipate that Canada Goose will post 0.74 EPS for the current year.
Hedge Funds Weigh In On Canada Goose
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP boosted its stake in Canada Goose by 36.7% during the second quarter. Engineers Gate Manager LP now owns 47,565 shares of the company’s stock valued at $452,000 after buying an additional 12,775 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Canada Goose in the second quarter worth about $367,000. Spark Investment Management LLC raised its position in Canada Goose by 52.6% in the second quarter. Spark Investment Management LLC now owns 58,000 shares of the company’s stock worth $549,000 after acquiring an additional 20,000 shares in the last quarter. Penn Capital Management Company LLC acquired a new stake in Canada Goose in the 2nd quarter valued at about $247,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Canada Goose in the 2nd quarter valued at about $177,000. 83.64% of the stock is owned by institutional investors.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells luxury apparel and accessories focused on cold-weather performance. Its product range includes parkas, jackets, vests, knitwear, footwear, gloves, hats, and other seasonal apparel for women, men, and children.
The company traces its origins to 1957, when Metro Sportswear was established in Toronto. It later adopted the Canada Goose name and built its reputation around insulated outerwear designed for harsh climates, combining technical materials and construction with premium fashion positioning.
Canada Goose sells its products through company-operated retail stores, e-commerce platforms, and select wholesale partners.
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