Canada Goose (NYSE:GOOS) Trading Up 5% After Analyst Upgrade

Canada Goose Holdings Inc. (NYSE:GOOS) was up 5% during mid-day trading on Friday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $12.00 and last traded at $11.99. Approximately 1,383,796 shares traded hands during trading, an increase of 56% from the average daily volume of 887,003 shares. The stock had previously closed at $11.41.

GOOS has been the subject of a number of other reports. Cowen reissued a “hold” rating on shares of Canada Goose in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of Canada Goose from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Thursday. UBS Group reaffirmed a “neutral” rating and set a $11.00 price target (up from $8.00) on shares of Canada Goose in a research note on Thursday. Barclays raised their price target on shares of Canada Goose from $8.00 to $11.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the stock an “in-line” rating in a research note on Thursday. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.50.

Hedge Funds Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently made changes to their positions in GOOS. Steward Partners Investment Advisory LLC grew its stake in shares of Canada Goose by 4,213.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after buying an additional 4,213 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Canada Goose by 192.0% in the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after buying an additional 5,259 shares in the last quarter. MQS Management LLC bought a new position in shares of Canada Goose in the first quarter valued at $86,000. Virtu Financial LLC bought a new position in shares of Canada Goose in the fourth quarter valued at $100,000. Finally, Aigen Investment Management LP bought a new position in shares of Canada Goose in the fourth quarter valued at $103,000. 83.64% of the stock is owned by institutional investors.

Canada Goose Stock Up 3.4%

The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The firm’s 50 day moving average is $8.42 and its two-hundred day moving average is $9.43. The firm has a market capitalization of $1.14 billion, a P/E ratio of 22.69, a PEG ratio of 1.00 and a beta of 1.26.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.17. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The business had revenue of $266.83 million during the quarter, compared to the consensus estimate of $355.76 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current year.

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.