Canada Goose (NYSE:GOOS) Trading 7.7% Higher – Still a Buy?

Canada Goose Holdings Inc. (NYSE:GOOS) traded up 7.7% during mid-day trading on Tuesday . The stock traded as high as $11.49 and last traded at $11.60. 519,068 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 606,472 shares. The stock had previously closed at $10.77.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group cut their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.60.

Canada Goose Trading Up 2.8 %

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. The stock has a market capitalization of $1.12 billion, a PE ratio of 31.38, a P/E/G ratio of 0.62 and a beta of 1.32. The company’s 50 day moving average price is $10.04 and its two-hundred day moving average price is $10.58.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. The firm had revenue of $196.32 million for the quarter, compared to analysts’ expectations of $183.60 million. Canada Goose had a net margin of 4.83% and a return on equity of 22.60%. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, analysts expect that Canada Goose Holdings Inc. will post 0.75 earnings per share for the current year.

Institutional Trading of Canada Goose

Several hedge funds have recently made changes to their positions in GOOS. BNP Paribas Financial Markets raised its stake in Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after buying an additional 2,087 shares in the last quarter. DGS Capital Management LLC acquired a new position in Canada Goose in the 3rd quarter valued at $131,000. Olympiad Research LP purchased a new stake in shares of Canada Goose during the 3rd quarter worth $175,000. Public Employees Retirement System of Ohio acquired a new stake in Canada Goose in the third quarter valued at $189,000. Finally, MML Investors Services LLC acquired a new stake in shares of Canada Goose in the third quarter valued at approximately $200,000. 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.