Canada Goose (NYSE:GOOS) Raised to Strong-Buy at Baird R W

Key Points

• Canada Goose has been upgraded by Baird R W from a "hold" rating to a "strong-buy" rating, indicating increased analyst confidence in the company's stock.
• Other firms, including Wells Fargo and Goldman Sachs, have also recently adjusted their ratings and price targets for Canada Goose, contributing to a consensus rating of "Hold" with a price target of $11.00.
• Despite a revenue beat of $77.91 million in its latest quarterly earnings, Canada Goose reported a loss of ($0.66) EPS, missing analyst estimates, which adds some caution to investor sentiment.

Canada Goose (NYSE:GOOS - Get Free Report) was upgraded by stock analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on GOOS. Wells Fargo & Company upgraded Canada Goose from an "equal weight" rating to an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen downgraded Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays reduced their target price on Canada Goose from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Evercore ISI set a $11.00 price objective on Canada Goose and gave the company an "in-line" rating in a report on Thursday, May 22nd. Finally, Robert W. Baird upgraded Canada Goose from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canada Goose has an average rating of "Hold" and a consensus price target of $14.40.

Canada Goose Price Performance

Shares of NYSE:GOOS traded down $0.22 during trading on Tuesday, reaching $12.97. The stock had a trading volume of 1,207,104 shares, compared to its average volume of 1,731,433. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 2.02. The business has a fifty day moving average price of $12.42 and a 200-day moving average price of $10.50. The stock has a market cap of $1.26 billion, a PE ratio of 38.13, a PEG ratio of 0.97 and a beta of 1.45. Canada Goose has a 1-year low of $6.73 and a 1-year high of $15.43.

Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The company had revenue of $77.91 million for the quarter, compared to analyst estimates of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.During the same period last year, the firm posted $0.78 EPS. On average, equities analysts forecast that Canada Goose will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Large investors have recently bought and sold shares of the stock. Versor Investments LP purchased a new stake in Canada Goose during the 1st quarter worth about $270,000. Nexpoint Asset Management L.P. purchased a new stake in Canada Goose during the 4th quarter worth about $376,000. Dimensional Fund Advisors LP boosted its position in shares of Canada Goose by 22.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock worth $1,906,000 after acquiring an additional 34,327 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock worth $167,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Canada Goose by 120.6% during the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company's stock worth $3,026,000 after acquiring an additional 164,905 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

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.