Canada Goose (NYSE:GOOS) Shares Gap Up on Analyst Upgrade

Canada Goose Holdings Inc. (NYSE:GOOS) shares gapped up prior to trading on Monday after TD Cowen upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $13.39, but opened at $14.03. TD Cowen now has a $18.00 price target on the stock. Canada Goose shares last traded at $14.45, with a volume of 763,564 shares traded.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company raised Canada Goose from an “equal weight” rating to an “overweight” rating in a report on Friday, August 1st. Evercore ISI set a $11.00 price target on Canada Goose and gave the company an “in-line” rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised their price target on Canada Goose from $8.00 to $9.00 and gave the company a “sell” rating in a report on Thursday, May 22nd. Baird R W raised Canada Goose from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Finally, Robert W. Baird set a $28.00 price target on Canada Goose in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its position in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock worth $80,000 after purchasing an additional 5,259 shares during the last quarter. MQS Management LLC bought a new position in shares of Canada Goose in the 1st quarter worth $86,000. Ameriprise Financial Inc. bought a new position in shares of Canada Goose in the 2nd quarter worth $139,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Canada Goose in the 2nd quarter worth $151,000. Finally, Lazard Asset Management LLC bought a new position in shares of Canada Goose in the 2nd quarter worth $158,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Trading Up 9.5%

The company has a fifty day simple moving average of $12.55 and a two-hundred day simple moving average of $10.58. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.42 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.04). The business had revenue of $77.91 million for the quarter, compared to the consensus estimate of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.During the same quarter in the prior year, the firm posted $0.78 earnings per share. On average, sell-side analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

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.