Canada Goose (NYSE:GOOS) Trading 10.4% Higher - Should You Buy?

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shot up 10.4% during mid-day trading on Monday . The company traded as high as $11.59 and last traded at $11.50. 752,483 shares traded hands during trading, a decline of 20% from the average session volume of 937,134 shares. The stock had previously closed at $10.41.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GOOS. Evercore ISI cut their price objective on shares of Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Canada Goose from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Tuesday, December 10th. Finally, Barclays reduced their target price on shares of Canada Goose from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Canada Goose presently has an average rating of "Hold" and a consensus price target of $10.60.

Canada Goose Trading Down 0.9 %

The firm's 50-day simple moving average is $10.34 and its 200 day simple moving average is $10.46. The firm has a market cap of $990.70 million, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81.

Remove Ads

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. As a group, analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Several large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in shares of Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock worth $167,000 after purchasing an additional 1,578 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Canada Goose by 193.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock worth $40,000 after purchasing an additional 2,087 shares during the last quarter. Olympiad Research LP increased its stake in shares of Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company's stock worth $166,000 after purchasing an additional 2,549 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Canada Goose by 16.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock worth $242,000 after buying an additional 3,410 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock worth $43,000 after buying an additional 4,213 shares during the period. 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.