Zacks Investment Research cut shares of Canada Goose (NYSE:GOOS) from a buy rating to a hold rating in a report published on Monday morning, Zacks.com reports.

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 recently weighed in on GOOS. Credit Suisse Group reduced their target price on shares of Canada Goose from $76.00 to $72.00 and set an outperform rating on the stock in a report on Thursday, August 15th. Wells Fargo & Co reaffirmed a hold rating on shares of Canada Goose in a report on Thursday, May 30th. DA Davidson raised their target price on shares of Canada Goose from $42.00 to $48.00 and gave the company a buy rating in a report on Thursday, August 15th. Goldman Sachs Group raised shares of Canada Goose from a neutral rating to a buy rating and reduced their target price for the company from $65.00 to $47.00 in a report on Friday, May 31st. Finally, HSBC began coverage on shares of Canada Goose in a report on Monday, May 20th. They issued a buy rating and a $48.32 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $64.48.

Shares of GOOS opened at $39.79 on Monday. The stock has a market capitalization of $4.39 billion, a PE ratio of 39.01, a P/E/G ratio of 1.05 and a beta of 3.03. Canada Goose has a 1 year low of $31.67 and a 1 year high of $72.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 3.38. The company’s 50-day simple moving average is $42.74 and its 200-day simple moving average is $46.55.

Canada Goose (NYSE:GOOS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $54.38 million. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The firm’s revenue was up 59.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) earnings per share. On average, sell-side analysts predict that Canada Goose will post 1.26 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Pier Capital LLC purchased a new position in Canada Goose in the first quarter valued at approximately $5,969,000. Oppenheimer & Co. Inc. grew its position in shares of Canada Goose by 12.8% during the first quarter. Oppenheimer & Co. Inc. now owns 30,930 shares of the company’s stock worth $1,485,000 after acquiring an additional 3,505 shares during the last quarter. Norges Bank purchased a new position in shares of Canada Goose during the fourth quarter worth approximately $9,271,000. Shepherd Financial Partners LLC grew its position in shares of Canada Goose by 32.7% during the first quarter. Shepherd Financial Partners LLC now owns 8,403 shares of the company’s stock worth $404,000 after acquiring an additional 2,072 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. purchased a new position in shares of Canada Goose during the first quarter worth approximately $2,881,000. Institutional investors own 52.24% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. 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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