Canada Goose Holdings Inc. (NYSE:GOOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $24.00 price objective on the stock.
According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “
Several other analysts have also recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $34.00 price target on shares of Canada Goose Holdings in a research report on Wednesday, September 6th. BidaskClub raised shares of Canada Goose Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Wells Fargo & Company reissued an “outperform” rating on shares of Canada Goose Holdings in a research report on Tuesday, October 3rd. Barclays PLC increased their price target on shares of Canada Goose Holdings from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Canada Goose Holdings in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$27.09.
Shares of Canada Goose Holdings (NYSE GOOS) traded down 0.56% during mid-day trading on Tuesday, reaching $21.48. The company’s stock had a trading volume of 631,071 shares. The firm has a market cap of $2.30 billion and a price-to-earnings ratio of 114.26. Canada Goose Holdings has a 12 month low of $15.20 and a 12 month high of $24.32. The company’s 50-day moving average is $20.43 and its 200 day moving average is $19.27.
Canada Goose Holdings (NYSE:GOOS) last issued its quarterly earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million for the quarter, compared to analyst estimates of C$16.50 million. Canada Goose Holdings’s revenue was up 79.6% compared to the same quarter last year. On average, equities analysts anticipate that Canada Goose Holdings will post $0.43 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its stake in shares of Canada Goose Holdings by 2.7% during the second quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after buying an additional 210 shares during the period. NN Investment Partners Holdings N.V. increased its stake in shares of Canada Goose Holdings by 20.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 24,000 shares of the company’s stock worth $474,000 after buying an additional 4,000 shares during the period. Quantitative Systematic Strategies LLC increased its stake in shares of Canada Goose Holdings by 20.8% during the third quarter. Quantitative Systematic Strategies LLC now owns 25,143 shares of the company’s stock worth $517,000 after buying an additional 4,321 shares during the period. First Bank & Trust increased its stake in shares of Canada Goose Holdings by 696.2% during the third quarter. First Bank & Trust now owns 5,072 shares of the company’s stock worth $104,000 after buying an additional 4,435 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Canada Goose Holdings by 1.4% during the second quarter. Franklin Resources Inc. now owns 448,900 shares of the company’s stock worth $8,872,000 after buying an additional 6,100 shares during the period. Hedge funds and other institutional investors own 26.29% of the company’s stock.
About Canada Goose Holdings
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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