Canada Goose (NYSE:GOOS) Trading 13.4% Higher

Shares of Canada Goose Holdings Inc (NYSE:GOOS) traded up 13.4% during mid-day trading on Monday . The stock traded as high as $20.79 and last traded at $20.69, 1,338,521 shares traded hands during mid-day trading. A decline of 54% from the average session volume of 2,939,313 shares. The stock had previously closed at $18.25.

Several equities analysts have recently issued reports on the company. Cowen cut Canada Goose from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $50.00 to $29.00 in a report on Monday, February 10th. Zacks Investment Research raised Canada Goose from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. TD Securities raised Canada Goose from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Robert W. Baird raised Canada Goose from a “neutral” rating to an “outperform” rating and set a $53.00 price target for the company in a report on Monday, February 10th. Finally, ValuEngine cut Canada Goose from a “buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.69.

The company has a 50 day simple moving average of $23.32 and a 200 day simple moving average of $33.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.90 and a current ratio of 2.29. The company has a market capitalization of $2.09 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.70 and a beta of 2.59.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). Canada Goose had a return on equity of 41.68% and a net margin of 16.32%. The firm had revenue of $342.54 million for the quarter, compared to analysts’ expectations of $334.61 million. As a group, equities research analysts anticipate that Canada Goose Holdings Inc will post 0.97 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Canada Goose during the fourth quarter worth about $24,779,000. LMR Partners LLP boosted its holdings in Canada Goose by 8.7% in the 4th quarter. LMR Partners LLP now owns 33,750 shares of the company’s stock valued at $1,222,000 after purchasing an additional 2,704 shares in the last quarter. Capital International Investors lifted its position in shares of Canada Goose by 55.2% during the 4th quarter. Capital International Investors now owns 3,671,170 shares of the company’s stock valued at $132,963,000 after acquiring an additional 1,305,206 shares during the period. Cidel Asset Management Inc. lifted its position in shares of Canada Goose by 9.3% during the 4th quarter. Cidel Asset Management Inc. now owns 665,206 shares of the company’s stock valued at $24,115,000 after acquiring an additional 56,367 shares during the period. Finally, Bullseye Asset Management LLC acquired a new stake in shares of Canada Goose during the 4th quarter valued at approximately $1,432,000. Institutional investors own 57.66% of the company’s stock.

About Canada Goose (NYSE:GOOS)

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

Further Reading: Buy Rating

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.