Canada Goose (NYSE:GOOS) Upgraded to “Hold” at Williams Trading

Williams Trading upgraded shares of Canada Goose (NYSE:GOOSGet Rating) from a sell rating to a hold rating in a research report report published on Monday, The Fly reports.

Several other equities analysts have also recently commented on GOOS. The Goldman Sachs Group decreased their price target on shares of Canada Goose from $26.00 to $20.00 and set a neutral rating for the company in a research report on Thursday, July 21st. Barclays lifted their price objective on shares of Canada Goose to $28.00 in a research report on Monday, August 15th. Finally, UBS Group reduced their price target on shares of Canada Goose from $24.00 to $20.00 in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Canada Goose currently has a consensus rating of Hold and a consensus price target of $34.40.

Canada Goose Stock Down 2.8 %

Canada Goose stock opened at $17.18 on Monday. Canada Goose has a fifty-two week low of $16.65 and a fifty-two week high of $53.64. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.66 and a current ratio of 2.42. The firm has a 50 day moving average price of $19.16 and a 200 day moving average price of $20.72. The company has a market capitalization of $1.81 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 0.42 and a beta of 1.58.

Canada Goose (NYSE:GOOSGet Rating) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate 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 during the quarter. Research analysts expect that Canada Goose will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Walleye Capital LLC acquired a new position in Canada Goose in the second quarter valued at $234,000. Goldman Sachs Group Inc. lifted its position in 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 during the period. Chilton Investment Co. Inc. boosted its holdings in Canada Goose by 74.7% in the 2nd 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 in the last quarter. Occudo Quantitative Strategies LP increased its position in Canada Goose by 358.7% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 111,907 shares of the company’s stock worth $2,015,000 after purchasing an additional 87,508 shares during the period. Finally, PDT Partners LLC raised its stake in shares of Canada Goose by 37.0% during the 2nd quarter. PDT Partners LLC now owns 131,301 shares of the company’s stock worth $2,365,000 after buying an additional 35,426 shares in the last quarter. 44.18% of the stock is currently owned by institutional investors and hedge funds.

About Canada Goose

(Get Rating)

Canada Goose Holdings Inc 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, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.

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