Canada Goose (NYSE:GOOS) Cut to Market Perform at Raymond James

Raymond James downgraded shares of Canada Goose (NYSE:GOOS) from an outperform rating to a market perform rating in a research note published on Tuesday morning, MarketBeat reports.

A number of other research firms have also recently commented on GOOS. Evercore ISI boosted their price objective on Canada Goose from $12.00 to $13.00 and gave the company an in-line rating in a research report on Friday, May 17th. Wedbush began coverage on Canada Goose in a research note on Friday, July 19th. They issued an outperform rating on the stock. Evercore lifted their price target on Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group lifted their price target on Canada Goose from $11.00 to $12.50 and gave the stock a neutral rating in a research note on Friday, May 17th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $14.42.

Canada Goose Stock Down 1.1 %

Canada Goose stock opened at $11.18 on Tuesday. The stock has a market capitalization of $1.08 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. Canada Goose has a 12 month low of $9.80 and a 12 month high of $18.63. The business has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $12.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.39 and a quick ratio of 0.95.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The business had revenue of $265.56 million during the quarter, compared to analysts’ expectations of $232.36 million. Canada Goose had a return on equity of 25.44% and a net margin of 4.28%. On average, analysts anticipate that Canada Goose will post 0.81 EPS for the current fiscal 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 GOOS. Patient Capital Management LLC boosted its stake in Canada Goose by 16.0% during the fourth quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock worth $45,537,000 after buying an additional 529,177 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Canada Goose by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,543,561 shares of the company’s stock worth $41,991,000 after buying an additional 201,325 shares during the last quarter. Jump Financial LLC acquired a new position in Canada Goose during the fourth quarter worth $1,187,000. Alberta Investment Management Corp boosted its stake in Canada Goose by 638.2% during the fourth quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock worth $1,198,000 after buying an additional 86,800 shares during the last quarter. Finally, Armistice Capital LLC acquired a new position in Canada Goose during the fourth quarter worth $1,007,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.