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

Canada Goose (NYSE:GOOS) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, MarketBeat reports.

A number of other equities analysts have also recently issued reports on GOOS. Evercore ISI increased their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Friday, May 17th. Wedbush assumed coverage on shares of Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating on the stock. The Goldman Sachs Group increased their price objective on shares of Canada Goose from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, Evercore increased their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Friday, May 17th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Canada Goose currently has a consensus rating of “Hold” and a consensus target price of $14.42.

Canada Goose Stock Performance

NYSE GOOS opened at $11.30 on Tuesday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 0.71 and a beta of 1.35. Canada Goose has a twelve month low of $9.80 and a twelve month high of $18.63. The stock has a fifty day simple moving average of $13.17 and a 200 day simple moving average of $12.46. The company has a quick ratio of 0.95, a current ratio of 2.39 and a debt-to-equity ratio of 0.92.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.14 earnings per share 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 the consensus estimate of $232.36 million. Canada Goose had a return on equity of 25.44% and a net margin of 4.28%. Sell-side analysts expect that Canada Goose will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds have recently modified their holdings of GOOS. Vanguard Group Inc. increased its position in shares of Canada Goose by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company’s stock valued at $25,363,000 after buying an additional 21,967 shares during the period. SG Americas Securities LLC bought a new stake in Canada Goose during the fourth quarter worth about $124,000. Raymond James & Associates boosted its stake in Canada Goose by 8.9% during the fourth quarter. Raymond James & Associates now owns 146,000 shares of the company’s stock worth $1,730,000 after acquiring an additional 11,876 shares in the last quarter. GAM Holding AG bought a new stake in Canada Goose during the fourth quarter worth about $213,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in Canada Goose during the fourth quarter worth about $198,000. Hedge funds and other 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.