Canada Goose (NYSE:GOOS) Sees Strong Trading Volume

Canada Goose Holdings Inc. (NYSE:GOOSGet Rating) shares saw an uptick in trading volume on Thursday . 101,941 shares were traded during mid-day trading, a decline of 87% from the previous session’s volume of 808,160 shares.The stock last traded at $20.42 and had previously closed at $20.08.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GOOS shares. Wells Fargo & Company reduced their price objective on shares of Canada Goose from C$45.00 to C$38.00 in a research note on Friday, May 20th. Credit Suisse Group reduced their price objective on shares of Canada Goose from C$48.00 to C$37.00 in a research note on Friday, May 20th. TD Securities upped their price objective on shares of Canada Goose from C$49.00 to C$54.00 in a research note on Friday, May 20th. UBS Group reduced their price objective on shares of Canada Goose from $24.00 to $20.00 in a research note on Friday, July 15th. Finally, Cowen reduced their price objective on shares of Canada Goose from $37.00 to $30.00 in a research note on Friday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Canada Goose Stock Performance

The firm has a market capitalization of $2.11 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 0.51 and a beta of 1.57. The company’s 50 day moving average is $19.06 and its 200-day moving average is $22.98. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt-to-equity ratio of 0.86.

Canada Goose (NYSE:GOOSGet Rating) last released its quarterly earnings data on Thursday, May 19th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Canada Goose had a net margin of 8.52% and a return on equity of 25.08%. The firm had revenue of $223.10 million for the quarter, compared to the consensus estimate of $223.46 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Canada Goose Holdings Inc. will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOS. Northwestern Mutual Wealth Management Co. raised its holdings in Canada Goose by 77.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,792 shares of the company’s stock worth $50,000 after buying an additional 1,217 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Canada Goose by 15.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the company’s stock worth $89,000 after buying an additional 329 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Canada Goose during the fourth quarter worth $95,000. HM Payson & Co. raised its holdings in Canada Goose by 105.3% during the first quarter. HM Payson & Co. now owns 3,900 shares of the company’s stock worth $103,000 after buying an additional 2,000 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in Canada Goose by 86.6% during the first quarter. Kistler Tiffany Companies LLC now owns 5,162 shares of the company’s stock worth $136,000 after buying an additional 2,395 shares during the last quarter. Institutional investors and hedge funds own 42.99% of the company’s stock.

Canada Goose Company Profile

(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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