Canada Goose (NYSE:GOOS) Sets New 1-Year High - Still a Buy?

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.43 and last traded at $15.22, with a volume of 1827690 shares changing hands. The stock had previously closed at $14.63.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group upped their price target on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Thursday, May 22nd. UBS Group restated a "neutral" rating and issued a $11.00 price target (up from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the company an "in-line" rating in a research report on Thursday, May 22nd. Finally, Cowen restated a "hold" rating on shares of Canada Goose in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Canada Goose has a consensus rating of "Hold" and an average price target of $11.25.

Canada Goose Price Performance

The firm's 50 day moving average price is $12.17 and its two-hundred day moving average price is $10.23. The stock has a market cap of $1.33 billion, a PE ratio of 20.13, a P/E/G ratio of 0.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.66 and a quick ratio of 1.50.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.17. Canada Goose had a net margin of 7.02% and a return on equity of 23.33%. The business had revenue of $266.83 million during the quarter, compared to analyst estimates of $355.76 million. During the same period in the previous year, the business posted $0.14 earnings per share. Canada Goose's revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Several institutional investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in Canada Goose by 192.0% during the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock worth $80,000 after buying an additional 5,259 shares during the period. MQS Management LLC purchased a new stake in shares of Canada Goose during the first quarter valued at $86,000. Virtu Financial LLC purchased a new stake in shares of Canada Goose during the fourth quarter valued at $100,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Canada Goose during the fourth quarter valued at $145,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Canada Goose during the second quarter valued at $151,000. 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.