Wedbush Begins Coverage on Canada Goose (NYSE:GOOS)

Wedbush started coverage on shares of Canada Goose (NYSE:GOOS) in a research note published on Friday, MarketBeat Ratings reports. The firm issued an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of Canada Goose from $11.00 to $12.50 and gave the company a neutral rating in a research note on Friday, May 17th. Evercore upped their price target on shares of Canada Goose from $12.00 to $13.00 and gave the company an in-line rating in a research note on Friday, May 17th. Finally, Evercore ISI upped their price target on shares of Canada Goose from $12.00 to $13.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $14.42.

Canada Goose Trading Up 2.5 %

NYSE GOOS opened at $12.20 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.39 and a debt-to-equity ratio of 0.92. The firm has a market cap of $1.18 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.35. The company has a 50 day moving average price of $13.16 and a 200 day moving average price of $12.46. Canada Goose has a 52 week low of $9.80 and a 52 week high of $18.63.

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

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOS. SG Americas Securities LLC acquired a new stake in shares of Canada Goose in the fourth quarter worth $124,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Canada Goose in the fourth quarter worth $198,000. Claro Advisors LLC acquired a new stake in shares of Canada Goose in the first quarter worth $210,000. GAM Holding AG acquired a new stake in shares of Canada Goose in the fourth quarter worth $213,000. Finally, Shaker Investments LLC OH purchased a new stake in Canada Goose during the fourth quarter worth $236,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

About Canada Goose

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.