Evercore ISI Issues Positive Forecast for Canada Goose (NYSE:GOOS) Stock Price

Canada Goose (NYSE:GOOS) had its price objective upped by Evercore ISI from $11.00 to $12.00 in a report released on Friday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Cowen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. Robert W. Baird set a $28.00 target price on Canada Goose in a report on Thursday, August 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, October 8th. Finally, Barclays reduced their price target on Canada Goose from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.33.

Canada Goose Price Performance

NYSE GOOS traded up $0.39 during trading on Friday, hitting $12.60. 1,290,155 shares of the company’s stock were exchanged, compared to its average volume of 690,083. The company has a market cap of $1.22 billion, a PE ratio of 69.97, a P/E/G ratio of 1.11 and a beta of 1.64. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The stock’s 50 day moving average price is $13.67 and its two-hundred day moving average price is $12.15.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $195.63 million for the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a net margin of 1.96% and a return on equity of 14.87%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Research analysts expect that Canada Goose will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOS. SCP Investment LP boosted its holdings in Canada Goose by 75.0% in the third quarter. SCP Investment LP now owns 350,000 shares of the company’s stock valued at $4,826,000 after acquiring an additional 150,000 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Canada Goose by 31.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,576 shares of the company’s stock worth $835,000 after purchasing an additional 14,539 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Canada Goose in the 3rd quarter worth approximately $88,000. State of Wyoming boosted its stake in shares of Canada Goose by 8.2% in the 3rd quarter. State of Wyoming now owns 55,614 shares of the company’s stock valued at $767,000 after purchasing an additional 4,233 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Canada Goose during the third quarter worth $3,056,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.