Canada Goose (NYSE:GOOS) Trading 4.9% Higher

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) were up 4.9% on Friday . The stock traded as high as $12.45 and last traded at $12.44. Approximately 131,558 shares traded hands during trading, a decline of 86% from the average daily volume of 929,160 shares. The stock had previously closed at $11.86.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GOOS. UBS Group reduced their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Barclays dropped their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Wedbush started coverage on Canada Goose in a research note on Friday, July 19th. They set an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Canada Goose currently has an average rating of “Hold” and an average price target of $14.07.

Canada Goose Stock Up 6.8 %

The firm has a 50-day moving average price of $11.00 and a two-hundred day moving average price of $11.93. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.02. The business had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. On average, sell-side analysts forecast that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current year.

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares during the period. Claro Advisors LLC acquired a new stake in shares of Canada Goose during the first quarter worth about $210,000. BNP Paribas Financial Markets grew its holdings in shares of Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after buying an additional 19,953 shares during the last quarter. GAM Holding AG increased its position in Canada Goose by 50.9% in the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after acquiring an additional 8,430 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Canada Goose during the 2nd quarter valued at approximately $338,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.