Robert W. Baird Downgrades Canada Goose (NYSE:GOOS) to Hold

Canada Goose (NYSE:GOOS) was downgraded by stock analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages also recently commented on GOOS. UBS Group lifted their target price on Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Evercore lifted their price objective on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Friday, November 7th. Zacks Research cut Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $15.17.

Canada Goose Trading Up 5.7%

Shares of NYSE GOOS opened at $11.26 on Thursday. The firm has a 50 day moving average price of $12.97 and a two-hundred day moving average price of $13.07. The stock has a market cap of $1.09 billion, a P/E ratio of 86.62 and a beta of 1.78. Canada Goose has a 52-week low of $6.73 and a 52-week high of $15.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.89.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $195.63 million during the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a return on equity of 14.59% and a net margin of 1.35%.The business’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 earned $0.05 EPS. As a group, equities analysts forecast that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. PenderFund Capital Management Ltd. bought a new stake in shares of Canada Goose during the third quarter valued at approximately $45,000. US Bancorp DE bought a new position in shares of Canada Goose in the 3rd quarter worth $83,000. Plato Investment Management Ltd acquired a new stake in Canada Goose in the 3rd quarter valued at $88,000. Ameriprise Financial Inc. bought a new stake in Canada Goose during the 2nd quarter valued at $139,000. Finally, Evergreen Capital Management LLC acquired a new position in Canada Goose during the fourth quarter worth $147,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose News Summary

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

About Canada Goose

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.