Canada Goose (NYSE:GOOS) Trading 7.7% Higher - Time to Buy?

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shares traded up 7.7% on Tuesday . The company traded as high as $11.49 and last traded at $11.60. 519,068 shares traded hands during trading, a decline of 14% from the average session volume of 606,472 shares. The stock had previously closed at $10.77.

Analyst Ratings Changes

Several research firms recently weighed in on GOOS. UBS Group reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. The Goldman Sachs Group cut their price target on Canada Goose from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Tuesday, December 10th. Finally, Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $11.60.

Canada Goose Stock Performance

The firm has a market cap of $1.01 billion, a P/E ratio of 28.28, a PEG ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. The stock's 50 day moving average is $10.12 and its two-hundred day moving average is $10.55.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. Canada Goose had a return on equity of 22.60% and a net margin of 4.83%. The company had revenue of $196.32 million during the quarter, compared to the consensus estimate of $183.60 million. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, equities analysts predict that Canada Goose Holdings Inc. will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in shares of Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock valued at $40,000 after acquiring an additional 2,087 shares in the last quarter. DGS Capital Management LLC bought a new stake in Canada Goose in the 3rd quarter worth $131,000. Olympiad Research LP bought a new position in Canada Goose in the third quarter worth about $175,000. Public Employees Retirement System of Ohio bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $189,000. Finally, MML Investors Services LLC bought a new stake in shares of Canada Goose during the third quarter valued at approximately $200,000. Institutional investors own 83.64% of the company's stock.

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.