Canada Goose (NYSE:GOOS) Now Covered by Analysts at Wedbush

Wedbush assumed coverage on shares of Canada Goose (NYSE:GOOS) in a report released on Friday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.

GOOS has been the subject of a number of other research reports. The Goldman Sachs Group boosted their target price on shares of Canada Goose from $11.00 to $12.50 and gave the stock a neutral rating in a research note on Friday, May 17th. Evercore ISI boosted their target price on shares of Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research note on Friday, May 17th. Finally, Evercore boosted their target price on shares of Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research note on Friday, May 17th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $14.42.

Canada Goose Stock Up 2.5 %

Canada Goose stock opened at $12.20 on Friday. Canada Goose has a twelve month low of $9.80 and a twelve month high of $18.63. The stock’s fifty day simple moving average is $13.16 and its 200-day simple moving average is $12.46. The company has a current ratio of 2.39, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.18 billion, a P/E ratio of 32.97, a P/E/G ratio of 0.72 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, May 16th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. The firm had revenue of $265.56 million during the quarter, compared to the consensus estimate of $232.36 million. Canada Goose had a net margin of 4.28% and a return on equity of 25.44%. As a group, equities analysts expect that Canada Goose will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several large investors have recently bought and sold shares of GOOS. Vanguard Group Inc. boosted its stake in Canada Goose by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company’s stock valued at $25,363,000 after acquiring an additional 21,967 shares in the last quarter. SG Americas Securities LLC acquired a new position in Canada Goose in the fourth quarter valued at $124,000. Raymond James & Associates boosted its stake in Canada Goose by 8.9% in the fourth quarter. Raymond James & Associates now owns 146,000 shares of the company’s stock valued at $1,730,000 after acquiring an additional 11,876 shares in the last quarter. GAM Holding AG acquired a new position in Canada Goose in the fourth quarter valued at $213,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Canada Goose in the fourth quarter valued at about $198,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Company Profile

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.