Canada Goose (NYSE:GOOS) Shares Up 10.4% – Time to Buy?

Canada Goose Holdings Inc. (NYSE:GOOS) shares shot up 10.4% during mid-day trading on Monday . The company traded as high as $11.59 and last traded at $11.50. 752,483 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 937,134 shares. The stock had previously closed at $10.41.

Analyst Ratings Changes

A number of analysts recently issued reports on GOOS shares. Barclays dropped their price target on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Evercore ISI dropped their target price on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Canada Goose presently has an average rating of “Hold” and an average target price of $10.60.

Canada Goose Stock Performance

The firm’s 50-day moving average price is $10.31 and its two-hundred day moving average price is $10.46. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.02 billion, a PE ratio of 20.30, a P/E/G ratio of 1.00 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. As a group, research analysts predict that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after acquiring an additional 2,087 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Canada Goose by 4,213.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after purchasing an additional 4,213 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Canada Goose by 192.0% in the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after purchasing an additional 5,259 shares in the last quarter. Virtu Financial LLC bought a new position in Canada Goose in the fourth quarter worth $100,000. Finally, Aigen Investment Management LP acquired a new stake in Canada Goose during the fourth quarter worth $103,000. 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.