Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report)'s share price rose 5% on Friday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $12.00 and last traded at $11.99. Approximately 1,383,796 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 887,003 shares. The stock had previously closed at $11.41.
Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group increased their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a report on Wednesday, April 30th. Cowen reaffirmed a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. Barclays increased their price target on shares of Canada Goose from $8.00 to $11.00 and gave the company an "underweight" rating in a report on Friday, May 23rd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Canada Goose currently has an average rating of "Hold" and a consensus target price of $10.50.
Get Our Latest Stock Report on GOOS
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Canada Goose by 139.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company's stock valued at $2,458,000 after acquiring an additional 179,946 shares during the last quarter. Interval Partners LP purchased a new stake in Canada Goose in the 1st quarter worth about $347,000. PDT Partners LLC purchased a new stake in Canada Goose in the 1st quarter worth about $647,000. Graham Capital Management L.P. raised its position in Canada Goose by 43.8% in the 1st quarter. Graham Capital Management L.P. now owns 118,645 shares of the company's stock worth $943,000 after purchasing an additional 36,158 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Canada Goose by 0.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after purchasing an additional 39,012 shares during the period. Institutional investors own 83.64% of the company's stock.
Canada Goose Price Performance
The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.22 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The stock's 50-day moving average is $8.56 and its two-hundred day moving average is $9.46.
Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.17. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. The company had revenue of $266.83 million for the quarter, compared to analyst estimates of $355.76 million. During the same period in the prior year, the company posted $0.14 EPS. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current year.
About Canada Goose
(
Get Free Report)
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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