Canada Goose (NYSE:GOOS) Cut to Underweight at Wells Fargo & Company

Wells Fargo & Company cut shares of Canada Goose (NYSE:GOOS - Free Report) from an equal weight rating to an underweight rating in a research report released on Monday, MarketBeat reports.

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

Canada Goose Stock Performance

NYSE GOOS traded down $0.62 during trading hours on Monday, reaching $11.24. 1,715,395 shares of the company were exchanged, compared to its average volume of 921,860. Canada Goose has a 1 year low of $9.80 and a 1 year high of $14.75. The business's 50 day simple moving average is $11.16 and its 200-day simple moving average is $11.91. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.08 billion, a P/E ratio of 30.36, a P/E/G ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The business had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. On average, equities research analysts expect that Canada Goose will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $177,000 after acquiring an additional 2,002 shares in the last quarter. Claro Advisors LLC purchased a new position in shares of Canada Goose during the first quarter worth approximately $210,000. BNP Paribas Financial Markets raised its stake in shares of Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company's stock worth $252,000 after acquiring an additional 19,953 shares in the last quarter. GAM Holding AG raised its stake in shares of Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company's stock worth $323,000 after acquiring an additional 8,430 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Canada Goose during the second quarter worth approximately $338,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Canada Goose

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.