Canada Goose (NYSE:GOOS) Upgraded by TD Cowen to “Buy” Rating

TD Cowen upgraded shares of Canada Goose (NYSE:GOOS) from a hold rating to a buy rating in a report issued on Monday morning, MarketBeat Ratings reports. The firm currently has $18.00 price target on the stock, up from their prior price target of $16.00.

GOOS has been the subject of several other reports. Baird R W raised Canada Goose from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Evercore ISI set a $11.00 price objective on Canada Goose and gave the stock an “in-line” rating in a research report on Thursday, May 22nd. Wells Fargo & Company raised Canada Goose from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 1st. The Goldman Sachs Group upped their price objective on Canada Goose from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Thursday, May 22nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $11.00 price objective (up from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.00.

Canada Goose Stock Up 12.6%

Shares of Canada Goose stock opened at $15.08 on Monday. Canada Goose has a 1 year low of $6.73 and a 1 year high of $15.43. The business has a 50-day moving average of $12.63 and a two-hundred day moving average of $10.61. The company has a market capitalization of $1.46 billion, a P/E ratio of 44.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.02 and a quick ratio of 0.89.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.04). Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.The business had revenue of $77.91 million during the quarter, compared to the consensus estimate of $68.33 million. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities analysts predict that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jump Financial LLC acquired a new position in Canada Goose during the first quarter valued at approximately $221,000. The Manufacturers Life Insurance Company raised its stake in Canada Goose by 0.7% in the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company’s stock valued at $42,643,000 after buying an additional 39,012 shares during the period. Landscape Capital Management L.L.C. raised its stake in Canada Goose by 169.2% in the first quarter. Landscape Capital Management L.L.C. now owns 178,921 shares of the company’s stock valued at $1,422,000 after buying an additional 112,450 shares during the period. Graham Capital Management L.P. raised its stake in 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 buying an additional 36,158 shares during the period. Finally, Versor Investments LP bought a new stake in Canada Goose in the first quarter valued at approximately $270,000. 83.64% of the stock is owned by institutional investors and hedge funds.

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.