Canada Goose Holdings Inc. (GOOS) Receives C$26.30 Consensus PT from Brokerages
Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$26.30.
Several research analysts have recently issued reports on GOOS shares. Zacks Investment Research upgraded shares of Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 26th. Bank of America Corporation upgraded shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, June 28th. Robert W. Baird reiterated a “neutral” rating on shares of Canada Goose Holdings in a report on Friday, June 16th. Wells Fargo & Company reiterated an “outperform” rating on shares of Canada Goose Holdings in a report on Tuesday. Finally, Nomura reiterated a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th.
Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in Canada Goose Holdings during the first quarter valued at $857,000. Ameriprise Financial Inc. bought a new stake in Canada Goose Holdings during the first quarter valued at $298,000. Laurion Capital Management LP boosted its position in Canada Goose Holdings by 509.7% during the second quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock valued at $12,042,000 after acquiring an additional 509,700 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Canada Goose Holdings during the first quarter valued at $2,487,000. Finally, Russell Investments Group Ltd. bought a new stake in Canada Goose Holdings during the second quarter valued at $1,952,000. 26.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Canada Goose Holdings (NYSE GOOS) traded up 2.43% on Wednesday, reaching $21.05. The company’s stock had a trading volume of 954,710 shares. The firm has a 50 day moving average of $19.14 and a 200 day moving average of $18.54. Canada Goose Holdings has a 52-week low of $9.98 and a 52-week high of $24.32. The company has a market cap of $2.25 billion and a PE ratio of 111.97.
Canada Goose Holdings (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to analyst estimates of C$16.50 million. The company’s revenue was up 79.6% compared to the same quarter last year. Analysts predict that Canada Goose Holdings will post $0.43 earnings per share for the current year.
Canada Goose Holdings Company Profile
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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