Canada Goose (NYSE:GOOS) Upgraded by Robert W. Baird to "Outperform" Rating

Key Points

• Canada Goose has received an upgrade from Robert W. Baird, changing its rating from "neutral" to "outperform."
• The company reported a loss of ($0.66) EPS in its last earnings announcement, which was below analysts' expectations, despite a revenue of $77.91 million exceeding estimates.
• As of now, analysts hold an average rating of "Hold" for Canada Goose, with a consensus target price of $11.00.

Canada Goose (NYSE:GOOS - Get Free Report) was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other research firms have also weighed in on GOOS. Wells Fargo & Company upgraded shares of Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. UBS Group reiterated a "neutral" rating and issued a $11.00 price target (up from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. The Goldman Sachs Group lifted their price target on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Thursday, May 22nd. 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. Finally, Wall Street Zen lowered shares of Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Canada Goose currently has a consensus rating of "Hold" and an average target price of $14.40.

Canada Goose Stock Down 1.6%

Shares of Canada Goose stock traded down $0.22 during trading on Tuesday, hitting $12.97. The company's stock had a trading volume of 1,207,104 shares, compared to its average volume of 1,779,839. The company has a market capitalization of $1.26 billion, a PE ratio of 38.13, a P/E/G ratio of 0.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 2.02. Canada Goose has a 52 week low of $6.73 and a 52 week high of $15.43. The company has a fifty day simple moving average of $12.39 and a two-hundred day simple moving average of $10.48.

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

Hedge Funds Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently made changes to their positions in GOOS. Deutsche Bank AG lifted its holdings in Canada Goose by 192.0% during the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after purchasing an additional 5,259 shares in the last quarter. MQS Management LLC purchased a new position in Canada Goose during the first quarter valued at approximately $86,000. Ameriprise Financial Inc. purchased a new position in Canada Goose during the second quarter valued at approximately $139,000. Vanguard Personalized Indexing Management LLC purchased a new position in Canada Goose during the second quarter valued at approximately $151,000. Finally, Lazard Asset Management LLC purchased a new position in Canada Goose during the second quarter valued at approximately $158,000. Hedge funds and other institutional investors 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.