Wedbush Initiates Coverage on Canada Goose (NYSE:GOOS)

Wedbush began coverage on shares of Canada Goose (NYSE:GOOS) in a report published on Friday morning, MarketBeat.com reports. The brokerage issued an outperform rating on the stock.

Several other brokerages have also recently issued reports on GOOS. Evercore raised their price objective on Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research note on Friday, May 17th. The Goldman Sachs Group raised their price objective on Canada Goose from $11.00 to $12.50 and gave the stock a neutral rating in a research note on Friday, May 17th. Finally, Evercore ISI raised their price objective on Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research note on Friday, May 17th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $14.42.

Canada Goose Price Performance

Shares of NYSE GOOS opened at $12.03 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.95 and a current ratio of 2.39. The company has a market cap of $1.16 billion, a PE ratio of 32.51, a P/E/G ratio of 0.72 and a beta of 1.35. The business has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $12.47. Canada Goose has a fifty-two week low of $9.80 and a fifty-two week high of $18.63.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.07. The business had revenue of $265.56 million during the quarter, compared to the consensus estimate of $232.36 million. Canada Goose had a return on equity of 25.44% and a net margin of 4.28%. As a group, equities analysts expect that Canada Goose will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Canada Goose during the fourth quarter valued at approximately $124,000. Total Clarity Wealth Management Inc. purchased a new position in Canada Goose during the fourth quarter valued at approximately $198,000. Claro Advisors LLC purchased a new position in Canada Goose during the first quarter valued at approximately $210,000. GAM Holding AG purchased a new position in Canada Goose during the fourth quarter valued at approximately $213,000. Finally, Shaker Investments LLC OH purchased a new position in Canada Goose during the fourth quarter valued at approximately $236,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.