Canada Goose (NYSE:GOOS) Shares Gap Down on Analyst Downgrade

Canada Goose Holdings Inc. (NYSE:GOOS) shares gapped down before the market opened on Thursday after Robert W. Baird downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $13.22, but opened at $10.60. Canada Goose shares last traded at $10.7280, with a volume of 1,571,624 shares.

A number of other equities research analysts have also issued reports on GOOS. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research report on Friday. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Finally, Barclays cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $12.00 to $10.00 in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $15.17.

Key Canada Goose News

Here are the key news stories impacting Canada Goose this week:

• Positive Sentiment: Broad-based revenue growth and management’s message that recent margin actions were deliberate to drive product relevance and brand momentum — supports a recovery if sales keep accelerating. Q3 Press Release
• Positive Sentiment: Strategic leadership move: appointment of Patrick Bourke as President, North America to focus on retail/wholesale execution and brand momentum in GEO’s largest market. Appointment Release
• Positive Sentiment: Some analysts/commentators view the share-price drop as a buying opportunity given an improved top line and a forward P/E below historical averages — a potential catalyst if margins normalize. SA Buy-the-Dip
• Neutral Sentiment: Company released slide deck and earnings materials (useful for modeling/management guidance). Investors should review the deck and call transcript for FY guidance and margin cadence. Earnings Presentation
• Negative Sentiment: Margins and profit disappointed: multiple outlets report an earnings/margin miss tied to heavier SG&A (marketing) and one‑time wholesale bad‑debt/charges, which triggered an immediate stock selloff and analyst downgrades. Financial Post Investing.com
• Negative Sentiment: Regulatory/legal risk: an investor litigation/investigation notice was filed after the earnings release, adding uncertainty and potential headline risk. GlobeNewswire

Institutional Trading of Canada Goose

A number of large investors have recently made changes to their positions in GOOS. Northwestern Mutual Wealth Management Co. raised its stake in Canada Goose by 15,788,723.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after acquiring an additional 36,629,838 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Canada Goose by 21.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock worth $7,535,000 after purchasing an additional 101,665 shares during the last quarter. Simcoe Capital LLC acquired a new stake in shares of Canada Goose during the fourth quarter worth $2,649,000. Kessler Investment Group LLC grew its position in Canada Goose by 126.8% in the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock valued at $8,792,000 after buying an additional 379,516 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Canada Goose by 27.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,202 shares of the company’s stock valued at $1,000,000 after buying an additional 16,626 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Stock Performance

The company has a market cap of $1.09 billion, a PE ratio of 86.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.89. The stock’s 50-day simple moving average is $12.97 and its 200 day simple moving average is $13.07.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $195.63 million during the quarter, compared to analysts’ expectations of $274.05 million. Canada Goose had a net margin of 1.35% and a return on equity of 14.59%. Canada Goose’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. As a group, equities analysts anticipate that Canada Goose Holdings Inc. will post 0.7 EPS for the current year.

Canada Goose Company Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.