Canada Goose (NYSE:GOOS) Reaches New 12-Month High - Should You Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GOOS shares. Wall Street Zen raised Canada Goose from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Cowen restated a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. Wells Fargo & Company upgraded Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. Evercore ISI set a $11.00 price objective on Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd. Finally, Barclays upgraded shares of Canada Goose from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $11.00 to $14.00 in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.25.

Canada Goose Stock Performance

The company has a current ratio of 2.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.45 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. The company has a 50 day moving average price of $11.83 and a 200-day moving average price of $10.14.

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

Hedge Funds Weigh In On Canada Goose

Several large investors have recently bought and sold shares of GOOS. Deutsche Bank AG increased its holdings 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 last quarter. Virtu Financial LLC purchased a new stake in shares of Canada Goose during the 4th quarter worth approximately $100,000. MQS Management LLC purchased a new stake in Canada Goose in the first quarter worth $86,000. Occudo Quantitative Strategies LP purchased a new position in shares of Canada Goose during the 4th quarter valued at $145,000. Finally, Public Employees Retirement System of Ohio grew its stake 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 during the period. 83.64% of the stock is currently owned by 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.

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