Canada Goose (NYSE:GOOS) Downgraded by Wells Fargo & Company to Underweight

Wells Fargo & Company downgraded shares of Canada Goose (NYSE:GOOS) from an equal weight rating to an underweight rating in a research report report published on Monday morning, Marketbeat Ratings reports.

GOOS has been the topic of several other research reports. UBS Group reduced their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wedbush started coverage on shares of Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Barclays cut their target price on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.07.

Canada Goose Stock Up 0.2 %

Shares of Canada Goose stock opened at $11.04 on Monday. The business has a 50-day moving average of $11.19 and a 200-day moving average of $11.89. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63. The company has a market capitalization of $1.07 billion, a PE ratio of 29.82, a P/E/G ratio of 0.64 and a beta of 1.32. Canada Goose has a 1-year low of $9.80 and a 1-year high of $14.75.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.02. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. As a group, equities analysts forecast that Canada Goose will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after acquiring an additional 2,002 shares during the period. Silvercrest Asset Management Group LLC grew its position in Canada Goose by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock worth $7,297,000 after buying an additional 2,752 shares during the last quarter. Strategic Wealth Partners Ltd. grew its position in Canada Goose by 10.0% in the first quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock worth $858,000 after buying an additional 6,442 shares during the last quarter. GAM Holding AG grew its position in Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after buying an additional 8,430 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after buying an additional 13,300 shares during the last quarter. 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.