Canada Goose Earnings: Investors Flock to the Stock

Daniel Fowler
June 17, 2018

"Despite its 60-year history, we see Canada Goose as in the early stages of its growth trajectory, particularly in the fragmented and growing premium outerwear market". The Company's jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores.

GOOS has been the topic of several other reports.

Founded in 1957, Canada Goose has historically sold its products through wholesalers, but it started opening its own stores in 2016, banking on its luxury tag and focusing on e-commerce and global markets.

Canada Goose (TSE:GOOS) had its price objective hoisted by Barclays from C$50.00 to C$64.00 in a report published on Thursday. On Wednesday, June 13 Barclays Capital maintained the shares of GOOS in report with "Overweight" rating. Finally, Credit Suisse Group initiated coverage on Canada Goose in a report on Monday, March 12th.

The Toronto-based company said it had profit of 6 cents per share.

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In a February research note, Cowen analyst Oliver Chen has said the heritage of the company, which was founded in 1957, gives it a "unique competitive moat" against competition. Wells Fargo & Co reissued an outperform rating on shares of Canada Goose Holdings in a report on Monday, April 10th. GOOS has 435,800 shares volume. The company has a quick ratio of 1.24, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. Canada Goose has a 1 year low of $16.96 and a 1 year high of $45.80. The firm has a market cap of $4.88 billion, a P/E ratio of 169.85, a PEG ratio of 2.56 and a beta of 2.60.

Institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new position in shares of Canada Goose during the 4th quarter valued at approximately $2,200,000. Elephas Investment Management Ltd bought a new position in shares of Canada Goose in the fourth quarter worth about $17,208,000.

Canada Goose shares have risen 45 percent since the beginning of the year. Barclays PLC now owns 3,986 shares of the company's stock worth $133,000 after acquiring an additional 3,286 shares during the period.

Canada Goose Holdings, Inc. has announced that they will be opening three more stores this fall, namely in Short Hills, New Jersey, Montreal, Quebec, and Vancouver, British Columbia. Deutsche Bank AG now owns 533,269 shares of the company's stock worth $16,828,000 after buying an additional 354,722 shares during the period.

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