Wells Fargo & Company Reiterates “Outperform” Rating for Canada Goose Holdings Inc. (GOOS)
Canada Goose Holdings Inc. (NYSE:GOOS)‘s stock had its “outperform” rating reissued by equities researchers at Wells Fargo & Company in a report issued on Tuesday.
A number of other research analysts have also recently commented on the stock. Barclays PLC restated an “overweight” rating and issued a $22.00 price target (up from $19.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Zacks Investment Research cut shares of Canada Goose Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Instinet restated a “neutral” rating and issued a $26.00 target price on shares of Canada Goose Holdings in a research note on Monday, August 14th. Canaccord Genuity restated a “buy” rating and issued a $34.00 target price on shares of Canada Goose Holdings in a research note on Wednesday, September 6th. Finally, BidaskClub raised shares of Canada Goose Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$26.82.
Canada Goose Holdings (NYSE:GOOS) traded down 0.10% during mid-day trading on Tuesday, hitting $20.96. The company had a trading volume of 691,838 shares. Canada Goose Holdings has a 1-year low of $15.20 and a 1-year high of $24.32. The stock has a market capitalization of $2.24 billion and a PE ratio of 111.49. The stock has a 50 day moving average price of $18.90 and a 200-day moving average price of $18.45.
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, topping the Thomson Reuters’ consensus estimate of C($0.15) by C$0.05. The firm had revenue of C$28.20 million during the quarter, compared to the consensus estimate of C$16.50 million. The business’s revenue was up 79.6% on a year-over-year basis. On average, analysts forecast that Canada Goose Holdings will post $0.44 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors increased its holdings in shares of Canada Goose Holdings by 2.7% in the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock valued at $160,000 after acquiring an additional 210 shares during the period. NN Investment Partners Holdings N.V. lifted its stake in shares of Canada Goose Holdings by 20.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 24,000 shares of the company’s stock worth $474,000 after purchasing an additional 4,000 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Canada Goose Holdings by 1.4% during the 2nd quarter. Franklin Resources Inc. now owns 448,900 shares of the company’s stock worth $8,872,000 after purchasing an additional 6,100 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Canada Goose Holdings during the 2nd quarter worth $127,000. Finally, Forward Management LLC purchased a new stake in shares of Canada Goose Holdings during the 2nd quarter worth $134,000. 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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