Canada Goose (NYSE:GOOS) Shares Up 10.4% – What’s Next?

Canada Goose Holdings Inc. (NYSE:GOOS)’s stock price shot up 10.4% during mid-day trading on Monday . The stock traded as high as $11.59 and last traded at $11.50. 752,483 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 937,134 shares. The stock had previously closed at $10.41.

Wall Street Analyst Weigh In

GOOS has been the topic of a number of recent research reports. Barclays decreased their price objective on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group lowered their target price on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Finally, Evercore ISI dropped their price objective on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.60.

Canada Goose Price Performance

The company has a 50-day moving average price of $10.31 and a 200-day moving average price of $10.46. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. On average, equities research analysts expect that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Large investors have recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new position in Canada Goose during the fourth quarter valued at approximately $748,000. Raymond James & Associates boosted its position in shares of Canada Goose by 55.1% in 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 period. DRW Securities LLC acquired a new position in shares of Canada Goose during the 3rd quarter worth approximately $730,000. Verition Fund Management LLC acquired a new stake in Canada Goose during the third quarter worth approximately $708,000. Finally, Pier Capital LLC bought a new position in shares of Canada Goose in the third quarter worth $2,057,000. Institutional investors and hedge funds 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.