Canada Goose Holdings Inc. Shares (NYSE: GOOS – Get a rating) received an average rating of “Hold” by the thirteen research firms currently covering the business, Market Beat Ratings reports. One research analyst rated the stock with a sell rating, three gave the company a hold rating and two issued a buy rating. The 1-year average price target among brokerages that have covered the stock over the past year is $44.78.
Several equity analysts have recently commented on GOOS shares. UBS Group downgraded Canada Goose from a “buy” rating to a “neutral” rating and lowered its target price for the company from $59.00 to $35.00 in a Friday, January 7, report. OTR Global downgraded Canada Goose from a “mixed” rating to a “negative” rating in a Friday, April 22 report. CIBC lowered its price target on Canada Goose from CA$67.00 to CA$45.00 in a report released on Friday, February 11. Veritas Investment Research upgraded Canada Goose from a “reduce” rating to a “buy” rating in a Monday, February 14, report. To finish, Zacks Investment Research upgraded Canada Goose from a “sell” rating to a “hold” rating in a Tuesday, April 19 report.
A number of institutional investors and hedge funds have recently increased or reduced their participation in GOOS. First Trust Advisors LP acquired a new stake in Canada Goose in the first quarter worth approximately $918,000. Amundi Pioneer Asset Management Inc. acquired a new equity stake in Canada Goose during Q1 valued at $4,707,000. Invesco Ltd. acquired a new stake in Canada Goose stock during Q2 valued at $241,000. Wells Fargo & Company MN increased its position in Canada Goose shares by 58.5% during the second quarter. Wells Fargo & Company MN now owns 25,936 shares of the company valued at $1,134,000 after acquiring 9,577 additional shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Canada Goose shares by 9.7% during the third quarter. Commonwealth Equity Services LLC now owns 12,453 shares of the company valued at $444,000 after acquiring 1,106 additional shares in the last quarter. Hedge funds and other institutional investors hold 42.99% of the company’s shares.
Shares of GOOS NYSE opened at $21.01 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 26.94, a PEG ratio of 0.52 and a beta of 1.62. The stock’s 50-day moving average price is $24.25 and its two-hundred-day moving average price is $32.72. Canada Goose has a 52-week low of $20.74 and a 52-week high of $53.64. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt ratio of 0.71.
Canada Goose (NYSE: GOOS – Get a rating) last reported results on Thursday, February 10. The company reported EPS of $1.13 for the quarter, beating the consensus estimate of $1.01 by $0.12. The company posted revenue of $586.10 million in the quarter, compared to analyst estimates of $586.52 million. Canada Goose had a return on equity of 22.73% and a net margin of 9.74%. The company’s revenues increased by 23.6% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.78. On average, analysts expect Canada Goose to post an EPS of 0.85 for the current year.
Canada Goose Company Profile (Get a rating)
Canada Goose Holdings Inc designs, manufactures and sells luxury performance apparel for men, women, youth, children and babies in Canada, the United States, Asia, Europe and internationally. It operates through three segments: Direct-to-Consumer, Wholesale and Other. The company offers parkas, lightweight down jackets, rainwear, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.
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