Canada Goose Holdings Inc. (GOOS) Downgraded by Zacks Investment Research

Canada Goose Holdings Inc. (NYSE:GOOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “

GOOS has been the topic of several other research reports. Instinet reaffirmed a “neutral” rating and set a $26.00 target price on shares of Canada Goose Holdings in a report on Monday, August 14th. Canaccord Genuity reaffirmed a “buy” rating on shares of Canada Goose Holdings in a report on Friday, August 11th. BidaskClub raised shares of Canada Goose Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Barclays PLC reaffirmed an “overweight” rating and set a $31.00 target price (up previously from $30.00) on shares of Canada Goose Holdings in a report on Monday, August 14th. Finally, Nomura reaffirmed a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$26.82.

Canada Goose Holdings (GOOS) opened at 21.10 on Wednesday. The firm has a market cap of $2.26 billion and a price-to-earnings ratio of 112.23. The stock’s 50 day moving average is $19.34 and its 200-day moving average is $18.65. Canada Goose Holdings has a one year low of $15.20 and a one year high of $24.32.

Canada Goose Holdings (NYSE:GOOS) last released its earnings results on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million for the quarter, compared to the consensus estimate of C$16.50 million. The firm’s quarterly revenue was up 79.6% on a year-over-year basis. On average, equities research analysts expect that Canada Goose Holdings will post $0.43 earnings per share for the current fiscal year.

WARNING: “Canada Goose Holdings Inc. (GOOS) Downgraded by Zacks Investment Research” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/11/canada-goose-holdings-inc-goos-downgraded-by-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently made changes to their positions in GOOS. Ameriprise Financial Inc. purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $298,000. State of Wisconsin Investment Board purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $487,000. OppenheimerFunds Inc. purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $3,193,000. Wellington Management Group LLP purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $857,000. Finally, FMR LLC purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $45,624,000. 26.23% of the stock is owned by institutional investors and hedge funds.

About Canada Goose Holdings

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

GOOS) opened at 21.10 on Wednesday. The firm has a market cap of $2.26 billion and a price-to-earnings ratio of 112.23. The stock’s 50 day moving average is $19.34 and its 200-day moving average is $18.65. Canada Goose Holdings has a one year low of $15.20 and a one year high of $24.32.

Canada Goose Holdings (NYSE:GOOS) last released its earnings results on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million for the quarter, compared to the consensus estimate of C$16.50 million. The firm’s quarterly revenue was up 79.6% on a year-over-year basis. On average, equities research analysts expect that Canada Goose Holdings will post $0.43 earnings per share for the current fiscal year.

WARNING: “Canada Goose Holdings Inc. (GOOS) Downgraded by Zacks Investment Research” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/11/canada-goose-holdings-inc-goos-downgraded-by-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently made changes to their positions in GOOS. Ameriprise Financial Inc. purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $298,000. State of Wisconsin Investment Board purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $487,000. OppenheimerFunds Inc. purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $3,193,000. Wellington Management Group LLP purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $857,000. Finally, FMR LLC purchased a new stake in Canada Goose Holdings during the 1st quarter valued at $45,624,000. 26.23% of the stock is owned by institutional investors and hedge funds.

About Canada Goose Holdings

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

Analyst Recommendations for Canada Goose Holdings (NYSE:GOOS)

Receive News & Ratings for Canada Goose Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply