Wall Street Zen upgraded shares of Canada Goose (NYSE:GOOS - Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.
A number of other brokerages have also weighed in on GOOS. Wells Fargo & Company raised 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. Evercore ISI set a $11.00 price target on Canada Goose and gave the stock an "in-line" rating in a research note on Thursday, May 22nd. Barclays increased their price target on Canada Goose from $8.00 to $11.00 and gave the stock an "underweight" rating in a research note on Friday. Finally, The Goldman Sachs Group increased their price target on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Canada Goose currently has an average rating of "Hold" and an average target price of $10.50.
Read Our Latest Stock Report on GOOS
Canada Goose Price Performance
GOOS stock traded up $0.74 on Friday, reaching $12.51. The company had a trading volume of 2,102,503 shares, compared to its average volume of 896,031. Canada Goose has a 1 year low of $6.73 and a 1 year high of $14.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. The company's fifty day moving average is $8.48 and its 200 day moving average is $9.44. The company has a market cap of $1.21 billion, a P/E ratio of 24.06, a PEG ratio of 1.00 and a beta of 1.26.
Canada Goose (NYSE:GOOS - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.17. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The firm had revenue of $266.83 million for the quarter, compared to analyst estimates of $355.76 million. During the same quarter in the prior year, the company earned $0.14 EPS. Canada Goose's revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that Canada Goose will post 0.7 earnings per share for the current year.
Institutional Trading of Canada Goose
A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. DGS Capital Management LLC increased its position in Canada Goose by 75.0% during the 4th quarter. DGS Capital Management LLC now owns 18,348 shares of the company's stock worth $184,000 after purchasing an additional 7,863 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Canada Goose during the 4th quarter worth approximately $748,000. Olympiad Research LP increased its position in Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company's stock worth $166,000 after purchasing an additional 2,549 shares in the last quarter. NINE MASTS CAPITAL Ltd increased its position in Canada Goose by 63.2% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 21,172 shares of the company's stock worth $212,000 after purchasing an additional 8,200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Canada Goose by 4,213.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock worth $43,000 after purchasing an additional 4,213 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.
Canada Goose Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Canada Goose, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canada Goose wasn't on the list.
While Canada Goose currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
