Canada Goose (NYSE:GOOS) Stock Price Up 7.7% – Still a Buy?

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price was up 7.7% during mid-day trading on Tuesday . The stock traded as high as $11.49 and last traded at $11.60. Approximately 519,068 shares were traded 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.

Wall Street Analyst Weigh In

Several analysts recently commented on GOOS shares. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. The Goldman Sachs Group decreased their price objective on shares of 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 decreased their target price 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 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’s stock. According to data from MarketBeat.com, Canada Goose presently has an average rating of “Hold” and a consensus price target of $11.60.

Canada Goose Stock Performance

The company has a 50-day moving average price of $10.04 and a 200-day moving average price of $10.58. 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 firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 0.62 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last issued 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. Canada Goose had a net margin of 4.83% and a return on equity of 22.60%. The company had revenue of $196.32 million during the quarter, compared to analyst estimates of $183.60 million. During the same quarter last year, the business posted $0.12 EPS. As a group, equities research analysts forecast that Canada Goose Holdings Inc. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Several large investors have recently bought and sold shares of GOOS. American Century Companies Inc. increased its position 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 period. Cubist Systematic Strategies LLC bought a new position in Canada Goose in the 2nd quarter valued at approximately $338,000. Point72 Asset Management L.P. bought a new stake in shares of Canada Goose during the second quarter worth about $839,000. Raymond James & Associates raised its stake in shares of Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after acquiring an additional 118,291 shares during the last quarter. Finally, GAM Holding AG increased its stake in shares of 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 buying an additional 15,000 shares during the period. 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.