Canada Goose (NYSE:GOOS) Upgraded at Robert W. Baird

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 stock analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a research note issued to investors on Tuesday,Finviz reports.

Several other analysts have also commented on GOOS. Wall Street Zen lowered Canada Goose from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. The Goldman Sachs Group upped their target price on Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Thursday, May 22nd. Evercore ISI set a $11.00 target price on Canada Goose and gave the company an "in-line" rating in a research report on Thursday, May 22nd. Cowen reissued a "hold" rating on shares of Canada Goose in a research report on Thursday, May 22nd. Finally, UBS Group reissued a "neutral" rating and issued a $11.00 target price (up from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.00.

Canada Goose Stock Up 1.4%

Shares of NYSE GOOS opened at $11.77 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.14 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.45. The stock's fifty day simple moving average is $12.24 and its two-hundred day simple moving average is $10.39. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its earnings results 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). The company 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 period last year, the business posted $0.78 EPS. As a group, analysts expect that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Canada Goose by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 16,791 shares of the company's stock worth $187,000 after acquiring an additional 914 shares during the period. Invesco Ltd. grew its stake in shares of Canada Goose by 7.2% in the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company's stock valued at $169,000 after buying an additional 1,012 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Canada Goose by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company's stock valued at $324,000 after buying an additional 1,630 shares during the period. TD Asset Management Inc grew its stake in shares of Canada Goose by 3.3% in the 1st quarter. TD Asset Management Inc now owns 51,512 shares of the company's stock valued at $408,000 after buying an additional 1,656 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Canada Goose by 8.7% during the first quarter. Mackenzie Financial Corp now owns 23,223 shares of the company's stock valued at $184,000 after acquiring an additional 1,864 shares during the last quarter. 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.

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