Canada Goose (NYSE:GOOS) Trading Up 8% - What's Next?

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) rose 8% during mid-day trading on Wednesday . The stock traded as high as $11.88 and last traded at $11.89. Approximately 708,000 shares were traded during trading, a decline of 23% from the average daily volume of 925,305 shares. The stock had previously closed at $11.00.

Analysts Set New Price Targets

GOOS has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, April 30th. Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the stock an "in-line" rating in a research note on Thursday, May 22nd. Cowen restated a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. UBS Group restated a "neutral" rating and set a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Finally, Barclays raised their price objective on shares of Canada Goose from $8.00 to $11.00 and gave the stock an "underweight" rating in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.50.

Canada Goose Stock Performance

The company's fifty day moving average is $10.58 and its 200 day moving average is $9.84. The company has a market capitalization of $1.17 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.77 and a beta of 1.42. 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 announced its quarterly 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. Canada Goose had a net margin of 7.02% and a return on equity of 23.33%. 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 firm earned $0.14 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GOOS. The Manufacturers Life Insurance Company lifted its holdings in shares of Canada Goose by 0.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after acquiring an additional 39,012 shares during the last quarter. Patient Capital Management LLC lifted its holdings in shares of Canada Goose by 3.4% during the 4th quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock worth $38,661,000 after acquiring an additional 128,133 shares during the last quarter. Timucuan Asset Management Inc. FL lifted its holdings in shares of Canada Goose by 10.8% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company's stock worth $15,489,000 after acquiring an additional 189,715 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Canada Goose in the fourth quarter worth $12,251,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in Canada Goose by 1.2% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company's stock worth $12,223,000 after purchasing an additional 14,341 shares during the last quarter. 83.64% of the stock is 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.