Canada Goose (NYSE:GOOS) Price Target Raised to $11.00

Canada Goose (NYSE:GOOS - Free Report) had its price target boosted by Barclays from $8.00 to $11.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

GOOS has been the subject of several other reports. UBS Group restated a "neutral" rating and set a $11.00 target price (up from $8.00) on shares of Canada Goose in a research note on Thursday. The Goldman Sachs Group upped their target price on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Thursday. Wells Fargo & Company upgraded Canada Goose from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, April 30th. Cowen reiterated a "hold" rating on shares of Canada Goose in a report on Thursday. Finally, Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the stock an "in-line" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Canada Goose currently has a consensus rating of "Hold" and a consensus price target of $10.50.

Canada Goose Stock Performance

Shares of Canada Goose stock traded up $0.39 on Friday, hitting $11.80. The stock had a trading volume of 2,788,390 shares, compared to its average volume of 891,183. Canada Goose has a twelve month low of $6.73 and a twelve month high of $14.75. The business's 50 day moving average is $8.42 and its two-hundred day moving average is $9.42. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly 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. The business had revenue of $266.83 million during the quarter, compared to analysts' expectations of $355.76 million. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. Analysts forecast that Canada Goose will post 0.7 EPS for the current year.

Institutional Trading of Canada Goose

A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. Arrowstreet Capital Limited Partnership acquired a new stake in Canada Goose in the fourth quarter valued at $12,251,000. Penn Capital Management Company LLC acquired a new stake in Canada Goose during the 4th quarter worth about $5,702,000. Portolan Capital Management LLC acquired a new stake in Canada Goose during the 4th quarter worth about $4,403,000. Raymond James Financial Inc. acquired a new stake in Canada Goose during the 4th quarter worth about $3,769,000. Finally, Pier Capital LLC grew its holdings in Canada Goose by 118.0% during the 4th quarter. Pier Capital LLC now owns 357,849 shares of the company's stock worth $3,589,000 after acquiring an additional 193,708 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.