Canada Goose (NYSE:GOOS) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Canada Goose (NYSE:GOOS - Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other brokerages have also issued reports on GOOS. Wells Fargo & Company raised shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, April 30th. Cowen reissued a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. The Goldman Sachs Group increased their target price 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 objective on shares of Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd. Finally, Barclays raised their price objective on shares of Canada Goose from $8.00 to $11.00 and gave the company an "underweight" rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.50.

Canada Goose Trading Down 3.1%

Shares of NYSE:GOOS traded down $0.39 during trading on Friday, reaching $12.23. The stock had a trading volume of 1,561,440 shares, compared to its average volume of 900,723. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.00 and a beta of 1.26. Canada Goose has a 52 week low of $6.73 and a 52 week high of $14.75. The firm's fifty day moving average is $8.72 and its 200 day moving average is $9.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.17. The business had revenue of $266.83 million for the quarter, compared to analyst estimates of $355.76 million. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Canada Goose's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in shares of Canada Goose by 0.7% in the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock valued at $42,643,000 after buying an additional 39,012 shares in the last quarter. Patient Capital Management LLC raised its holdings in shares of Canada Goose by 3.4% in the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock valued at $38,661,000 after purchasing an additional 128,133 shares during the last quarter. Timucuan Asset Management Inc. FL raised its holdings in shares of Canada Goose by 10.8% in the first quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company's stock valued at $15,489,000 after purchasing an additional 189,715 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Canada Goose in the fourth quarter valued at about $12,251,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of 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 valued at $12,223,000 after purchasing an additional 14,341 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

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.