Canada Goose (NYSE:GOOS) Shares Up 5.4% - What's Next?

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shot up 5.4% during mid-day trading on Friday . The stock traded as high as $14.28 and last traded at $14.19. 887,358 shares were traded during trading, a decline of 7% from the average session volume of 949,676 shares. The stock had previously closed at $13.46.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOS. Cowen reiterated a "hold" rating on shares of Canada Goose in a research report on Thursday, May 22nd. The Goldman Sachs Group boosted their target price on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report 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. Wall Street Zen upgraded Canada Goose from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, UBS Group reiterated a "neutral" rating and set a $11.00 target price (up previously from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.25.

Canada Goose Stock Up 3.9%

The stock has a market capitalization of $1.35 billion, a PE ratio of 20.57, a P/E/G ratio of 0.89 and a beta of 1.42. The firm has a 50 day moving average of $11.07 and a two-hundred day moving average of $9.94. The company has a current ratio of 2.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.73.

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

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently bought and sold shares of GOOS. Arrowstreet Capital Limited Partnership acquired a new stake in Canada Goose during the 4th quarter valued at $12,251,000. Penn Capital Management Company LLC purchased a new position in shares of Canada Goose during the 4th quarter worth $5,702,000. Portolan Capital Management LLC purchased a new position in shares of Canada Goose during the 4th quarter worth $4,403,000. Raymond James Financial Inc. purchased a new position in shares of Canada Goose during the 4th quarter worth $3,769,000. Finally, Pier Capital LLC lifted its stake in shares of 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 purchasing an additional 193,708 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Canada Goose Company Profile

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.