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 Wednesday. The firm presently has a $20.00 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 equities analysts have also weighed in on GOOS. Instinet restated a “neutral” rating and issued a $26.00 price target on shares of Canada Goose Holdings in a research note on Monday, August 14th. Canaccord Genuity restated a “buy” rating on shares of Canada Goose Holdings in a research note on Friday, August 11th. Barclays PLC restated an “overweight” rating and issued a $31.00 price target (up previously from $30.00) on shares of Canada Goose Holdings in a research note on Monday, August 14th. Nomura reiterated a “hold” rating on shares of Canada Goose Holdings in a research note on Saturday, August 12th. Finally, Robert W. Baird reiterated a “neutral” rating on shares of Canada Goose Holdings in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$26.00.

Canada Goose Holdings (GOOS) opened at 17.53 on Wednesday. Canada Goose Holdings has a 1-year low of $15.20 and a 1-year high of $24.32. The company has a market cap of $1.88 billion and a price-to-earnings ratio of 97.39. The stock has a 50 day moving average price of $18.70 and a 200-day moving average price of $18.24.

Canada Goose Holdings (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The business had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $16.50 million. The business’s revenue was up 79.6% on a year-over-year basis. On average, equities research analysts forecast that Canada Goose Holdings will post $0.43 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Wellington Management Group LLP acquired a new position in Canada Goose Holdings during the first quarter worth approximately $857,000. Ameriprise Financial Inc. acquired a new position in Canada Goose Holdings during the first quarter worth approximately $298,000. Goldman Sachs Group Inc. acquired a new position in Canada Goose Holdings during the first quarter worth approximately $2,487,000. Quantitative Systematic Strategies LLC acquired a new position in Canada Goose Holdings during the second quarter worth approximately $410,000. Finally, NN Investment Partners Holdings N.V. boosted its position in Canada Goose Holdings by 20.0% in 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 in the last quarter. Hedge funds and other institutional investors own 26.23% 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.

Analyst Recommendations for Canada Goose Holdings (NYSE:GOOS)

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