Bank of America Analysts Give Canada Goose (TSE:GOOS) a C$15.00 Price Target

Bank of America set a C$15.00 price target on Canada Goose (TSE:GOOS) in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Canada Goose Stock Up 1.5%

Shares of Canada Goose stock opened at C$12.20 on Wednesday. The business’s 50 day simple moving average is C$13.38 and its 200 day simple moving average is C$14.83. Canada Goose has a 52-week low of C$11.98 and a 52-week high of C$21.28. The firm has a market cap of C$1.19 billion, a PE ratio of 20.68, a P/E/G ratio of 0.61 and a beta of 1.71. The company has a debt-to-equity ratio of 158.47, a quick ratio of 0.69 and a current ratio of 2.33.

Canada Goose (TSE:GOOS) last released its quarterly earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share for the quarter. The firm had revenue of C$118.90 million for the quarter. Canada Goose had a return on equity of 10.37% and a net margin of 3.70%. On average, analysts predict that Canada Goose will post 1.6222664 earnings per share for the current fiscal year.

About Canada Goose

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors.