Canada Goose (NYSE:GOOS) Given Neutral Rating at UBS Group

Canada Goose (NYSE:GOOS - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at UBS Group in a note issued to investors on Thursday, MarketBeat reports. They presently have a $11.00 price target on the stock, up from their prior price target of $8.00. UBS Group's price objective would indicate a potential downside of 3.68% from the company's current price.

Several other brokerages have also recently commented on GOOS. Evercore ISI dropped their price target on Canada Goose from $13.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company upgraded Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Barclays reiterated an "underweight" rating and set a $8.00 price target (down from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Canada Goose presently has a consensus rating of "Hold" and an average target price of $9.75.

Canada Goose Stock Up 7.0%

Canada Goose stock opened at $11.42 on Thursday. The stock has a market capitalization of $1.11 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75. The business has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $9.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.17. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The business had revenue of $266.83 million during the quarter, compared to analysts' expectations of $355.76 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

Several large investors have recently added to or reduced their stakes in GOOS. Steward Partners Investment Advisory LLC grew its holdings in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock valued at $43,000 after buying an additional 4,213 shares in the last quarter. Deutsche Bank AG grew its holdings in Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after buying an additional 5,259 shares in the last quarter. MQS Management LLC purchased a new stake in Canada Goose in the 1st quarter valued at $86,000. Virtu Financial LLC purchased a new stake in Canada Goose in the 4th quarter valued at $100,000. Finally, Aigen Investment Management LP purchased a new stake in Canada Goose in the 4th quarter valued at $103,000. 83.64% of the stock is currently 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.