Canada Goose (NYSE:GOOS) Stock Price Up 7.7% – What’s Next?

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price rose 7.7% during mid-day trading on Tuesday . The company traded as high as $11.49 and last traded at $11.60. Approximately 519,068 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 606,472 shares. The stock had previously closed at $10.77.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOS. Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group lowered their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Finally, UBS Group cut their price objective on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.60.

Canada Goose Stock Performance

The stock has a fifty day moving average of $9.95 and a 200-day moving average of $10.59. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1.14 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 0.62 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Canada Goose had a net margin of 4.83% and a return on equity of 22.60%. The firm had revenue of $196.32 million for the quarter, compared to analyst estimates of $183.60 million. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities analysts anticipate that Canada Goose Holdings Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Canada Goose by 94.3% during the 2nd quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after buying an additional 13,300 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Canada Goose in the 2nd quarter valued at $338,000. Point72 Asset Management L.P. acquired a new stake in shares of Canada Goose in the 2nd quarter worth $839,000. Raymond James & Associates grew its holdings in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after acquiring an additional 118,291 shares during the period. Finally, GAM Holding AG lifted its holdings in Canada Goose by 60.0% in the third quarter. GAM Holding AG now owns 40,000 shares of the company’s stock valued at $501,000 after acquiring an additional 15,000 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.