Canada Goose Holdings Inc. (GOOS) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Canada Goose Holdings Inc. (NYSE:GOOS) from a hold rating to a buy rating in a report released on Wednesday morning. They currently have $22.00 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. “
A number of other analysts have also issued reports on the company. Bank of America Corporation upgraded Canada Goose Holdings from a neutral rating to a buy rating and set a $33.00 target price for the company in a report on Wednesday, June 28th. Wells Fargo & Company restated an outperform rating and issued a $32.00 target price on shares of Canada Goose Holdings in a report on Monday, June 5th. Barclays PLC restated an overweight rating and issued a $22.00 target price (up previously from $19.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $22.00 target price (up previously from $20.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Finally, ValuEngine lowered Canada Goose Holdings from a hold rating to a sell rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and an average price target of C$26.91.
Shares of Canada Goose Holdings (NYSE GOOS) opened at 19.86 on Wednesday. The stock has a 50 day moving average price of $18.59 and a 200-day moving average price of $18.31. Canada Goose Holdings has a 12 month low of $9.98 and a 12 month high of $24.32. The stock has a market cap of $2.12 billion and a P/E ratio of 108.52.
Canada Goose Holdings (NYSE:GOOS) last released its earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million during the quarter, compared to analysts’ expectations of C$16.50 million. The business’s quarterly revenue was up 79.6% compared to the same quarter last year. On average, analysts forecast that Canada Goose Holdings will post $0.45 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Canada Goose Holdings in the second quarter worth $127,000. Forward Management LLC acquired a new position in shares of Canada Goose Holdings in the second quarter worth $134,000. Nationwide Fund Advisors increased its stake in shares of Canada Goose Holdings by 2.7% in the second quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after acquiring an additional 210 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Canada Goose Holdings in the second quarter worth $226,000. Finally, Quantbot Technologies LP acquired a new position in shares of Canada Goose Holdings in the second quarter worth $235,000. 26.23% of the stock is currently owned by institutional investors and hedge funds.
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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