Canada Goose Holdings Inc. (GOOS) Upgraded by BidaskClub to Hold
Canada Goose Holdings Inc. (NYSE:GOOS) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
GOOS has been the topic of several other reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $22.00 target price (up from $20.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Instinet reiterated a “neutral” rating and set a $26.00 target price 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 target price (up from $30.00) on shares of Canada Goose Holdings in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$26.73.
Shares of Canada Goose Holdings (GOOS) opened at 18.84 on Thursday. The stock has a market capitalization of $2.02 billion and a price-to-earnings ratio of 104.67. The company’s 50 day moving average is $18.57 and its 200-day moving average is $18.25. Canada Goose Holdings has a 1-year low of $9.98 and a 1-year high of $24.32.
Canada Goose Holdings (NYSE:GOOS) last announced its earnings results on Thursday, August 10th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.05. The company had revenue of $28.20 million for the quarter, compared to analysts’ expectations of $16.50 million. The company’s quarterly revenue was up 79.6% on a year-over-year basis. Equities analysts anticipate that Canada Goose Holdings will post $0.45 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC increased its holdings in Canada Goose Holdings by 58.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after purchasing an additional 812,532 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $429,000. Tower Research Capital LLC TRC purchased a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $295,000. Cubist Systematic Strategies LLC purchased a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $127,000. Finally, Point72 Europe London LLP purchased a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $2,963,000. 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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