Canada Goose (NYSE:GOOS) Trading 0.8% Higher - Here's What Happened

Key Points

• Canada Goose shares rose by 0.8% to trade at $14.62, with a decline in trading volume by 16% compared to the average session.
• Analyst ratings show varied opinions on the stock, with one analyst rating it as Strong Buy, while others hold or sell recommendations, leading to a consensus rating of Hold.
• The company reported earnings of ($0.66) EPS for the last quarter, missing the expected estimate, though revenues exceeded expectations at $77.91 million.

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shares traded up 0.8% during mid-day trading on Friday . The company traded as high as $14.69 and last traded at $14.62. 643,067 shares traded hands during trading, a decline of 16% from the average session volume of 763,023 shares. The stock had previously closed at $14.50.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. TD Cowen raised shares of Canada Goose from a "hold" rating to a "buy" rating and upped their price target for the stock from $16.00 to $18.00 in a research report on Monday, September 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Canada Goose in a research report on Saturday, September 27th. Baird R W raised shares of Canada Goose from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Finally, Barclays lowered their price target on shares of Canada Goose from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Canada Goose currently has a consensus rating of "Hold" and an average target price of $15.00.

Canada Goose Trading Up 0.8%

The company has a debt-to-equity ratio of 0.87, a current ratio of 2.02 and a quick ratio of 0.89. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 1.09 and a beta of 1.62. The company's fifty day moving average price is $12.85 and its 200-day moving average price is $11.17.

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

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently bought and sold shares of GOOS. Bank of America Corp DE boosted its position in Canada Goose by 1,557.5% in the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company's stock valued at $14,165,000 after buying an additional 1,189,523 shares during the last quarter. Headwater Capital Co Ltd purchased a new stake in Canada Goose in the 2nd quarter worth approximately $7,385,000. Marshall Wace LLP boosted its position in Canada Goose by 115.3% in the 2nd quarter. Marshall Wace LLP now owns 1,120,956 shares of the company's stock worth $12,543,000 after purchasing an additional 600,242 shares in the last quarter. Jump Financial LLC boosted its position in Canada Goose by 1,064.7% in the 2nd quarter. Jump Financial LLC now owns 323,054 shares of the company's stock worth $3,615,000 after purchasing an additional 295,318 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Canada Goose in the 2nd quarter worth approximately $2,353,000. 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.

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