Canada Goose (NYSE:GOOS - Get Free Report) was upgraded by Barclays from an "underweight" rating to an "equal weight" rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $14.00 price objective on the stock, up from their previous price objective of $11.00. Barclays's price objective suggests a potential upside of 1.63% from the company's previous close.
Other research analysts have also issued reports about the company. Cowen reiterated a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. UBS Group reiterated a "neutral" rating and set a $11.00 target price (up from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. Evercore ISI set a $11.00 target price on Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised Canada Goose from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised Canada Goose from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.25.
Read Our Latest Research Report on GOOS
Canada Goose Trading Down 1.6%
Shares of GOOS stock traded down $0.23 during trading hours on Friday, reaching $13.78. The company had a trading volume of 1,198,257 shares, compared to its average volume of 958,983. The company has a 50 day moving average of $11.07 and a 200 day moving average of $9.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.66 and a quick ratio of 1.50. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 0.89 and a beta of 1.42. Canada Goose has a 1-year low of $6.73 and a 1-year high of $14.28.
Canada Goose (NYSE:GOOS - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.17. The firm had revenue of $266.83 million for the quarter, compared to analyst estimates of $355.76 million. Canada Goose had a return on equity of 23.33% and a net margin of 7.02%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts anticipate that Canada Goose will post 0.7 EPS for the current year.
Institutional Trading of Canada Goose
Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Canada Goose by 139.2% in the first quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company's stock valued at $2,458,000 after acquiring an additional 179,946 shares during the last quarter. Interval Partners LP acquired a new stake in shares of Canada Goose in the first quarter valued at about $347,000. PDT Partners LLC acquired a new stake in shares of Canada Goose in the first quarter valued at about $647,000. Graham Capital Management L.P. increased its position in shares of Canada Goose by 43.8% in the first quarter. Graham Capital Management L.P. now owns 118,645 shares of the company's stock valued at $943,000 after acquiring an additional 36,158 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Canada Goose by 0.7% during the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after purchasing an additional 39,012 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.
About Canada Goose
(
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.
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