Canada Goose (NYSE:GOOS) Stock Price Up 5.1%

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) rose 5.1% during trading on Tuesday . The stock traded as high as $13.86 and last traded at $13.79. Approximately 681,946 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 1,176,252 shares. The stock had previously closed at $13.12.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore lifted their target price on Canada Goose from $12.00 to $13.00 and gave the company an "in-line" rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on Canada Goose from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday. Evercore ISI lifted their price objective on Canada Goose from $12.00 to $13.00 and gave the stock an "in-line" rating in a research note on Friday. Finally, Barclays lifted their price objective on Canada Goose from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $14.42.

Canada Goose Stock Up 6.6 %

The firm has a market capitalization of $1.36 billion, a PE ratio of 37.46, a PEG ratio of 1.29 and a beta of 1.46. The company has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $11.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.87.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in Canada Goose by 19.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,967,875 shares of the company's stock valued at $72,905,000 after purchasing an additional 812,174 shares during the last quarter. Patient Capital Management LLC boosted its stake in shares of Canada Goose by 16.0% in the fourth quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company's stock worth $45,537,000 after buying an additional 529,177 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Canada Goose by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,543,561 shares of the company's stock worth $41,991,000 after buying an additional 201,325 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its stake in shares of Canada Goose by 21.1% in the third quarter. Timucuan Asset Management Inc. FL now owns 1,759,290 shares of the company's stock worth $25,791,000 after buying an additional 306,783 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Canada Goose by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company's stock worth $25,363,000 after buying an additional 21,967 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

About Canada Goose

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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