Canada Goose (NYSE:GOOS) Price Target Raised to $18.00

Canada Goose (NYSE:GOOS) had its target price boosted by analysts at TD Cowen from $13.00 to $18.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 99.12% from the company’s current price.

Other equities analysts have also issued research reports about the company. Williams Trading lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Robert W. Baird set a $11.41 price objective on Canada Goose in a research report on Friday. Barclays dropped their target price on Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Evercore set a $10.00 price target on shares of Canada Goose in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.48.

Canada Goose Stock Performance

Shares of GOOS stock traded down $0.22 during midday trading on Friday, hitting $9.04. 347,201 shares of the company were exchanged, compared to its average volume of 633,486. The firm has a market capitalization of $878.15 million, a P/E ratio of 69.42 and a beta of 1.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63. The firm’s 50 day moving average price is $9.66 and its two-hundred day moving average price is $10.90. Canada Goose has a 52 week low of $8.75 and a 52 week high of $15.40.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.06. The firm had revenue of $83.71 million for the quarter, compared to analysts’ expectations of $76.34 million. Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. As a group, equities research analysts anticipate that Canada Goose will post 0.89 earnings per share for the current year.

Institutional Trading of Canada Goose

A number of institutional investors have recently modified their holdings of GOOS. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Canada Goose during the 4th quarter worth $27,000. PenderFund Capital Management Ltd. bought a new stake in Canada Goose during the third quarter worth about $45,000. US Bancorp DE acquired a new stake in Canada Goose during the third quarter worth about $83,000. CANADA LIFE ASSURANCE Co grew its stake in Canada Goose by 30.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after buying an additional 1,893 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Canada Goose in the 4th quarter valued at approximately $138,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Company Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.