Canada Goose Holdings Inc (NYSE:GOOS) Receives Average Recommendation of “Buy” from Brokerages

Canada Goose Holdings Inc (NYSE:GOOS) has earned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $68.86.

Several analysts have commented on GOOS shares. HSBC started coverage on Canada Goose in a report on Monday, May 20th. They issued a “buy” rating and a $48.32 price target for the company. Zacks Investment Research upgraded Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Wednesday, July 31st. DA Davidson lifted their price target on Canada Goose from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday. Goldman Sachs Group upgraded Canada Goose from a “neutral” rating to a “buy” rating and lowered their price target for the company from $65.00 to $47.00 in a report on Friday, May 31st. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Canada Goose in a report on Thursday, May 30th.

GOOS traded down $1.53 during midday trading on Friday, hitting $38.44. The company’s stock had a trading volume of 56,890 shares, compared to its average volume of 900,885. The company has a current ratio of 3.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 37.71, a P/E/G ratio of 1.18 and a beta of 3.03. The firm has a 50-day simple moving average of $42.72. Canada Goose has a 52-week low of $31.67 and a 52-week high of $72.27.



Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $54.38 million. Canada Goose had a return on equity of 46.09% and a net margin of 17.24%. The firm’s revenue was up 59.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS. On average, sell-side analysts forecast that Canada Goose will post 1.26 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in Canada Goose by 10.2% during the 2nd quarter. Advisor Group Inc. now owns 3,759 shares of the company’s stock worth $146,000 after acquiring an additional 347 shares in the last quarter. Sigma Planning Corp lifted its position in Canada Goose by 8.1% during the 1st quarter. Sigma Planning Corp now owns 5,072 shares of the company’s stock worth $244,000 after acquiring an additional 382 shares in the last quarter. Optimum Investment Advisors acquired a new position in Canada Goose during the 1st quarter worth approximately $33,000. Kistler Tiffany Companies LLC acquired a new position in Canada Goose during the 2nd quarter worth approximately $29,000. Finally, Rehmann Capital Advisory Group lifted its position in Canada Goose by 454.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $47,000 after acquiring an additional 800 shares in the last quarter. 51.34% of the stock is currently owned by hedge funds and other institutional investors.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. 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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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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