Analysts Set Canada Goose Holdings Inc. (GOOS) Target Price at $26.73
Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$27.40.
A number of equities analysts have recently weighed in on the company. Instinet reiterated a “neutral” rating and set a $26.00 price target on shares of Canada Goose Holdings in a report on Monday, August 14th. Canaccord Genuity reiterated a “buy” rating on shares of Canada Goose Holdings in a report on Friday, August 11th. Barclays PLC reiterated an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of Canada Goose Holdings in a report on Monday, August 14th. Nomura reiterated a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th. Finally, Zacks Investment Research upgraded Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, September 5th.
Shares of Canada Goose Holdings (NYSE:GOOS) traded up 2.78% during mid-day trading on Friday, hitting $19.62. 785,132 shares of the stock were exchanged. The stock has a market cap of $2.10 billion and a price-to-earnings ratio of 109.00. Canada Goose Holdings has a 12 month low of $15.20 and a 12 month high of $24.32. The company has a 50-day moving average price of $18.55 and a 200-day moving average price of $18.26.
Canada Goose Holdings (NYSE:GOOS) last issued its earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.15) by C$0.05. The company had revenue of C$28.20 million during the quarter, compared to analyst estimates of C$16.50 million. The firm’s revenue was up 79.6% on a year-over-year basis. Equities analysts expect that Canada Goose Holdings will post $0.45 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in Canada Goose Holdings during the 2nd quarter valued at about $127,000. Forward Management LLC purchased a new position in Canada Goose Holdings during the 2nd quarter valued at about $134,000. Nationwide Fund Advisors boosted its holdings in Canada Goose Holdings by 2.7% during the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock valued at $160,000 after acquiring an additional 210 shares during the period. Bayesian Capital Management LP purchased a new position in Canada Goose Holdings during the 2nd quarter valued at about $226,000. Finally, Quantbot Technologies LP purchased a new position in Canada Goose Holdings during the 2nd quarter valued at about $235,000. 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.
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