Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) from a buy rating to a hold rating in a research note issued to investors on Friday, January 5th.

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. “

Several other brokerages have also weighed in on GOOS. Bank of America raised Canada Goose Holdings Inc. Subordinate Voting Shares to a buy rating and set a $39.00 price objective for the company in a report on Monday, November 27th. Robert W. Baird lifted their target price on Canada Goose Holdings Inc. Subordinate Voting Shares from $27.00 to $31.00 and gave the company a neutral rating in a research note on Friday, November 10th. BidaskClub upgraded Canada Goose Holdings Inc. Subordinate Voting Shares from a sell rating to a hold rating in a research note on Thursday, September 7th. Wells Fargo & Co restated an outperform rating on shares of Canada Goose Holdings Inc. Subordinate Voting Shares in a research note on Tuesday, October 3rd. Finally, Cowen initiated coverage on Canada Goose Holdings Inc. Subordinate Voting Shares in a research note on Friday, November 17th. They issued an outperform rating and a $29.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $28.08.

Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) traded down $0.18 during trading hours on Friday, reaching $32.61. The company’s stock had a trading volume of 635,526 shares, compared to its average volume of 840,634. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.82 and a current ratio of 4.01. Canada Goose Holdings Inc. Subordinate Voting Shares has a one year low of $15.20 and a one year high of $33.96.

Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) last announced its earnings results on Thursday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.07. equities research analysts anticipate that Canada Goose Holdings Inc. Subordinate Voting Shares will post 0.46 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of GOOS. FMR LLC lifted its position in Canada Goose Holdings Inc. Subordinate Voting Shares by 71.4% in the second quarter. FMR LLC now owns 4,904,394 shares of the company’s stock worth $96,887,000 after purchasing an additional 2,043,794 shares during the period. Lord Abbett & CO. LLC lifted its position in Canada Goose Holdings Inc. Subordinate Voting Shares by 58.2% in the second quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after purchasing an additional 812,532 shares during the period. Calamos Advisors LLC lifted its position in Canada Goose Holdings Inc. Subordinate Voting Shares by 104.1% in the third quarter. Calamos Advisors LLC now owns 1,189,447 shares of the company’s stock worth $24,443,000 after purchasing an additional 606,674 shares during the period. Laurion Capital Management LP lifted its position in Canada Goose Holdings Inc. Subordinate Voting Shares by 509.7% in the second quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock worth $12,042,000 after purchasing an additional 509,700 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in Canada Goose Holdings Inc. Subordinate Voting Shares by 134.5% in the third quarter. Artisan Partners Limited Partnership now owns 779,828 shares of the company’s stock worth $16,025,000 after purchasing an additional 447,332 shares during the period. Institutional investors and hedge funds own 26.34% of the company’s stock.

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Canada Goose Holdings Inc. Subordinate Voting Shares Company Profile

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.

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