Canada Goose (NYSE:GOOS – Get Rating) was upgraded from a “sell” rating to a “hold” rating by equities analysts at Williams Trading in a research note issued to investors on Monday, The Fly reports.
Other equity analysts have also published reports on the company. UBS Group lowered its price target on Canada Goose to $20.00 from $24.00 in a report on Friday, July 15. Goldman Sachs Group lowered its price target on Canada Goose to $20.00 from $26.00, giving the stock a neutral rating in a research report on Thursday, July 21. Finally, Barclays raised its price target on Canada Goose to $28.00 in a research report on Monday, August 15. One research analyst has rated the stock with a sell rating, four with a hold rating and six with a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $34.40.
Canada Goose stock performance
GOOS stock opened at $17.11 on Monday. The company has a gearing ratio of 1.07, a quick ratio of 0.66 and a current ratio of 2.42. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 0.41, and a beta of 1.58. Canada Goose has a 1-year low of $16.65 and a 1-year high of $53.64. The stock’s 50-day moving average is $19.15 and its 200-day moving average is $20.84.
Canada Goose (NYSE:GOOS – Get Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported earnings per share of ($0.44) for the quarter, beating analyst consensus estimates of ($0.49) by $0.05. Canada Goose had a net margin of 8.13% and a return on equity of 26.71%. The company had revenue of $54.77 million for the quarter. On average, research analysts are forecasting Canada Goose to post 1.41 EPS for the year to date.
Institutional inflows and outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in GOOS. Walleye Capital LLC bought a new position in Canada Goose stock valued at approximately $234,000 during the second quarter. Goldman Sachs Group Inc. increased its position in shares of Canada Goose by 135.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,930,284 shares of the company’s stock valued at $34,764,000 after purchasing an additional 1,111,105 shares last quarter. Chilton Investment Co. Inc. added 74.7% to its position in Canada Goose in the second quarter. Chilton Investment Co. Inc. now owns 122,618 shares of the company’s stock valued at $2,208,000 after purchasing an additional 52,433 shares last quarter. Occudo Quantitative Strategies LP increased its position in Canada Goose by 358.7% in the second quarter. Occudo Quantitative Strategies LP now owns 111,907 shares of the company’s stock valued at $2,015,000 after purchasing an additional 87,508 shares last quarter. Finally, PDT Partners LLC increased its position in Canada Goose by 37.0% in the second quarter. PDT Partners LLC now owns 131,301 shares of the company’s stock valued at $2,365,000 after purchasing an additional 35,426 shares last quarter. 44.18% of the shares are owned by institutional investors and hedge funds.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures and distributes high quality luxury apparel for men, women, youth, children and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa and Latin America. The Company operates through three segments: Direct-to-Consumer, Wholesale and Other.
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