Zacks Investment Research upgraded shares of Canada Goose (NYSE:GOOS) from a hold rating to a buy rating in a research report report published on Thursday, Zacks.com reports. Zacks Investment Research currently has $45.00 price target 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 equities research analysts have also issued reports on the stock. DA Davidson increased their price objective on shares of Canada Goose from $42.00 to $48.00 and gave the company a buy rating in a report on Thursday, August 15th. Goldman Sachs Group raised shares of Canada Goose from a neutral rating to a buy rating and cut their price objective for the company from $65.00 to $47.00 in a report on Friday, May 31st. HSBC began coverage on shares of Canada Goose in a report on Monday, May 20th. They set a buy rating and a $48.32 price objective for the company. Bank of America lowered shares of Canada Goose from a buy rating to a neutral rating and set a $33.50 price objective for the company. in a report on Thursday, May 30th. Finally, Wells Fargo & Co reaffirmed a hold rating on shares of Canada Goose in a report on Thursday, May 30th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Canada Goose has a consensus rating of Buy and an average price target of $64.64.
NYSE GOOS opened at $37.01 on Thursday. Canada Goose has a 12 month low of $31.67 and a 12 month high of $72.27. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.10 and a beta of 3.03. The company’s 50 day moving average is $42.67 and its two-hundred day moving average is $46.41. The company has a current ratio of 3.38, a quick ratio of 0.76 and a debt-to-equity ratio of 1.47.
Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.01. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The company had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $54.38 million. During the same quarter last year, the business earned ($0.16) EPS. The firm’s revenue was up 59.1% compared to the same quarter last year. Sell-side analysts forecast that Canada Goose will post 1.26 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Kistler Tiffany Companies LLC purchased a new position in Canada Goose during the second quarter worth $29,000. Optimum Investment Advisors purchased a new position in Canada Goose during the first quarter worth $33,000. Bremer Bank National Association purchased a new position in Canada Goose during the first quarter worth $46,000. Rehmann Capital Advisory Group boosted its stake in Canada Goose by 454.5% during the first quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $47,000 after buying an additional 800 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in Canada Goose during the second quarter worth $52,000. 52.24% of the stock is owned by hedge funds and other institutional investors.
Canada Goose Company Profile
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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