Canada Goose (NYSE:GOOS) Stock Rating Lowered by Wells Fargo & Company

Wells Fargo & Company lowered shares of Canada Goose (NYSE:GOOS) from an equal weight rating to an underweight rating in a research note published on Monday morning, MarketBeat.com reports.

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

Canada Goose Stock Up 2.4 %

Shares of Canada Goose stock opened at $11.02 on Monday. Canada Goose has a 1 year low of $9.80 and a 1 year high of $14.75. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 0.64 and a beta of 1.32. The company has a 50-day moving average of $11.18 and a 200 day moving average of $11.90. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The firm had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $63.47 million. As a group, sell-side analysts anticipate that Canada Goose will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently added to or reduced their stakes in GOOS. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares during the last quarter. Claro Advisors LLC purchased a new position in Canada Goose in the first quarter worth about $210,000. BNP Paribas Financial Markets grew its stake in shares of Canada Goose by 2,048.6% during the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after purchasing an additional 19,953 shares during the period. GAM Holding AG increased its position in shares of Canada Goose by 50.9% during the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after purchasing an additional 8,430 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Canada Goose in the 2nd quarter worth approximately $338,000. Institutional investors 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.