Canada Goose (NYSE:GOOS) Price Target Raised to $48.00

Canada Goose (NYSE:GOOS) had its price objective boosted by DA Davidson from $42.00 to $48.00 in a research note issued to investors on Thursday morning, The Fly reports. DA Davidson currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Bank of America downgraded Canada Goose from a buy rating to a neutral rating and set a $33.50 target price for the company. in a research report on Thursday, May 30th. 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 research report on Wednesday, July 31st. HSBC assumed coverage on Canada Goose in a research report on Monday, May 20th. They issued a buy rating and a $48.32 price target for the company. Goldman Sachs Group upgraded Canada Goose from a neutral rating to a buy rating and reduced their price target for the company from $65.00 to $47.00 in a research report on Friday, May 31st. Finally, Wells Fargo & Co reiterated a hold rating on shares of Canada Goose in a research report on Thursday, May 30th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $64.48.

NYSE:GOOS opened at $37.71 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.38 and a quick ratio of 1.07. The business has a fifty day simple moving average of $42.77 and a two-hundred day simple moving average of $46.81. Canada Goose has a 1 year low of $31.67 and a 1 year high of $72.27. The company has a market capitalization of $4.18 billion, a P/E ratio of 36.97, a P/E/G ratio of 1.05 and a beta of 3.03.



Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.01. Canada Goose had a return on equity of 41.47% and a net margin of 15.60%. The business had revenue of $71.10 million during the quarter, compared to the consensus estimate of $54.38 million. During the same period last year, the business posted ($0.16) earnings per share. The business’s revenue for the quarter was up 59.1% on a year-over-year basis. As a group, analysts anticipate that Canada Goose will post 1.26 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in GOOS. Northern Trust Corp increased its holdings in shares of Canada Goose by 19.5% in the 4th quarter. Northern Trust Corp now owns 25,153 shares of the company’s stock valued at $1,100,000 after purchasing an additional 4,111 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Canada Goose in the 4th quarter valued at about $745,000. Legal & General Group Plc increased its holdings in shares of Canada Goose by 66.4% in the 4th quarter. Legal & General Group Plc now owns 43,613 shares of the company’s stock valued at $1,905,000 after purchasing an additional 17,398 shares during the period. Norges Bank acquired a new position in shares of Canada Goose in the 4th quarter valued at about $9,271,000. Finally, Chesapeake Wealth Management acquired a new position in shares of Canada Goose in the 1st quarter valued at about $376,000. Institutional investors own 51.34% of the company’s stock.

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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