According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, marketer and retailer of premium outerwear for men, women and children. The company’s jackets are sold in 36 countries around the world, including two subsidiary retail stores and four e-commerce stores. “
Other analysts have also published research reports on the company. TD Securities upgraded Canada Goose from a “hold” rating to a “buy” rating and lowered its target price for the stock from $60.00 to $59.00 in a Wednesday, Jan. 5, report. CIBC downgraded Canada Goose shares from an “outperform” rating to a “neutral” rating in a Monday, Nov. 8 research note. They noted that the move was a review call. Robert W. Baird raised the target price of Canada Goose shares from C$65.00 to C$80.00 and gave the stock an “outperform” rating in a Monday, Nov. 8 research note. Credit Suisse Group raised its price target on Canada Goose shares from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a Monday, Nov. 8 report. Finally, Barclays upgraded Canada Goose shares from an “equal weight” rating to an “overweight” rating and set a target price of $56.00 for the company in a Thursday, Jan. 6, report. Five equity research analysts gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat.com, Canada Goose currently has an average buy rating and an average target price of $57.70.
GOOS Stock opened at $34.06 on Wednesday. The company has a market capitalization of $3.64 billion, a P/E ratio of 85.15, a price-to-earnings growth ratio of 1.11 and a beta of 1.51. Canada Goose has a 1-year minimum of $31.27 and a 1-year maximum of $53.64. The company has a debt ratio of 0.99, a current ratio of 2.19 and a quick ratio of 0.86. The stock’s fifty-day moving average price is $41.61 and its 200-day moving average price is $40.28.
Canada Goose Inc (NYSE:GOOS) last released its results on Friday, November 5. The company reported earnings per share (EPS) of $0.10 for the quarter, beating Thomson Reuters consensus estimate of $0.08 ($0.08) by $0.18. The company posted revenue of $232.90 million for the quarter, compared to $205.95 million expected by analysts. Canada Goose had a return on equity of 13.63% and a net margin of 5.98%. The company’s revenues increased by 19.6% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.08. As a group, analysts expect Canada Goose to post earnings per share of 1.06 for the current year.
Several hedge funds have recently increased or reduced their stakes in the company. Advisor Group Holdings Inc. increased its stake in Canada Goose by 26.9% in the second quarter. Advisor Group Holdings Inc. now owns 2,634 shares of the company valued at $115,000 after acquiring 559 additional shares in the last quarter. US Bancorp DE increased its stake in Canada Goose by 850.0% in the second quarter. US Bancorp DE now owns 2,831 shares of the company valued at $124,000 after purchasing an additional 2,533 shares during the period. JPMorgan Chase & Co. increased its position in Canada Goose shares by 38.2% during the second quarter. JPMorgan Chase & Co. now owns 3,639 shares of the company worth $159,000 after buying an additional 1,005 shares last quarter. Invesco Ltd. increased its position in Canada Goose shares by 3.6% during the third quarter. Invesco Ltd. now owns 5,708 shares of the company worth $204,000 after purchasing an additional 196 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Canada Goose by 12.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,746 shares of the company valued at $206,000 after acquiring an additional 620 shares in the last quarter. Institutional investors hold 45.40% of the company’s shares.
About the Canada Goose
Canada Goose Holdings, Inc. is engaged in the design, manufacture, distribution and retail sale of men’s, women’s and children’s outerwear. It operates through the following segments: Direct-to-Consumer, Wholesale and Other. The Direct-to-Consumer segment includes sales through country-specific e-commerce platforms and its company-owned retail stores located in luxury shopping locations.
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