Canada Goose (NYSE:GOOS) Stock Price Up 4.9%

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) rose 4.9% on Friday . The company traded as high as $12.45 and last traded at $12.44. Approximately 131,558 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 929,160 shares. The stock had previously closed at $11.86.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GOOS shares. Barclays cut their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. UBS Group lowered their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Wedbush started coverage on Canada Goose in a research report on Friday, July 19th. They issued an “outperform” rating for the company. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Canada Goose currently has a consensus rating of “Hold” and an average target price of $14.07.

Canada Goose Stock Performance

The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.23 billion, a P/E ratio of 34.05, a PEG ratio of 0.58 and a beta of 1.32. The business’s 50 day simple moving average is $10.99 and its 200 day simple moving average is $11.94.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The company had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $63.47 million. Sell-side analysts predict that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Hedge funds have recently modified their holdings of the stock. Patient Capital Management LLC lifted its stake in Canada Goose by 16.0% in the 4th quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock worth $45,537,000 after purchasing an additional 529,177 shares in the last quarter. Armistice Capital LLC purchased a new position in Canada Goose in the second quarter worth about $4,332,000. Alberta Investment Management Corp increased its stake in Canada Goose by 638.2% during the fourth quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock worth $1,198,000 after acquiring an additional 86,800 shares during the last quarter. Marshall Wace LLP raised its position in Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock valued at $14,060,000 after purchasing an additional 81,090 shares during the period. Finally, Boulder Hill Capital Management LP bought a new stake in shares of Canada Goose in the 4th quarter valued at approximately $784,000. Hedge funds and other institutional investors 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.