Canada Goose (NYSE:GOOS) Sees Strong Trading Volume

Canada Goose Holdings Inc. (NYSE:GOOSGet Rating) saw an uptick in trading volume on Friday . 98,881 shares were traded during trading, a decline of 90% from the previous session’s volume of 968,402 shares.The stock last traded at $19.29 and had previously closed at $18.24.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOS. Cowen decreased their price objective on Canada Goose from $37.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Barclays upped their price objective on Canada Goose to $28.00 in a research report on Monday, August 15th. Credit Suisse Group decreased their price objective on Canada Goose from C$48.00 to C$37.00 in a research report on Friday, May 20th. Robert W. Baird upped their price objective on Canada Goose from $39.00 to $42.00 in a research report on Friday, May 20th. Finally, UBS Group decreased their price objective on Canada Goose from $24.00 to $20.00 in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.40.

Canada Goose Stock Performance

The firm has a fifty day moving average price of $19.11 and a two-hundred day moving average price of $21.14. The stock has a market capitalization of $2.01 billion, a PE ratio of 29.37, a P/E/G ratio of 0.43 and a beta of 1.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.42 and a quick ratio of 0.66.

Canada Goose (NYSE:GOOSGet Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. The company had revenue of $54.77 million for the quarter. Canada Goose had a return on equity of 26.71% and a net margin of 8.13%. Research analysts expect that Canada Goose Holdings Inc. will post 1.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Canada Goose by 77.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,792 shares of the company’s stock worth $50,000 after purchasing an additional 1,217 shares during the period. Lazard Asset Management LLC bought a new stake in Canada Goose during the 2nd quarter valued at $58,000. HM Payson & Co. boosted its position in Canada Goose by 105.3% during the 1st quarter. HM Payson & Co. now owns 3,900 shares of the company’s stock valued at $103,000 after acquiring an additional 2,000 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in Canada Goose by 86.6% during the 1st quarter. Kistler Tiffany Companies LLC now owns 5,162 shares of the company’s stock valued at $136,000 after acquiring an additional 2,395 shares in the last quarter. Finally, ARK Investment Management LLC boosted its position in shares of Canada Goose by 28.5% in the 1st quarter. ARK Investment Management LLC now owns 6,765 shares of the company’s stock worth $178,000 after purchasing an additional 1,502 shares in the last quarter. 44.18% of the stock is currently owned by hedge funds and other institutional investors.

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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