Canada Goose (NYSE:GOOS) Sees Large Volume Increase – Time to Buy?

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) saw an uptick in trading volume on Monday . 832,850 shares traded hands during trading, an increase of 12% from the previous session’s volume of 745,463 shares.The stock last traded at $10.82 and had previously closed at $10.95.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. 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 research note on Tuesday, December 10th. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Finally, UBS Group reduced their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.60.

Canada Goose Price Performance

The company has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $10.54. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 0.67 and a beta of 1.31. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21.

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

Institutional Investors Weigh In On Canada Goose

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in shares of Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after buying an additional 2,087 shares in the last quarter. DGS Capital Management LLC acquired a new stake in Canada Goose in the third quarter valued at $131,000. Olympiad Research LP increased its holdings in Canada Goose by 18.2% in the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after purchasing an additional 2,549 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Canada Goose in the third quarter valued at $189,000. Finally, MML Investors Services LLC acquired a new stake in Canada Goose in the third quarter valued at $200,000. 83.64% of the stock is currently owned by institutional investors.

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.