Canada Goose Holdings Inc. (GOOS) Receives Consensus Rating of “Hold” from Analysts
Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus rating of “Hold” by the eighteen brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$26.30.
Several research firms have recently commented on GOOS. Instinet reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Canada Goose Holdings in a research report on Monday, August 14th. Canaccord Genuity reissued a “buy” rating on shares of Canada Goose Holdings in a report on Friday, August 11th. BidaskClub raised Canada Goose Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Barclays PLC restated an “overweight” rating and issued a $31.00 price target (up from $30.00) on shares of Canada Goose Holdings in a research note 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 price target for the company in a research note on Tuesday, September 5th.
A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in Canada Goose Holdings in the 1st quarter valued at $857,000. Ameriprise Financial Inc. bought a new stake in shares of Canada Goose Holdings during the 1st quarter valued at $298,000. Laurion Capital Management LP lifted its position in shares of Canada Goose Holdings by 509.7% during the 2nd quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock valued at $12,042,000 after acquiring an additional 509,700 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Canada Goose Holdings during the 1st quarter valued at $2,487,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Canada Goose Holdings during the 2nd quarter valued at $1,952,000. Hedge funds and other institutional investors own 26.23% of the company’s stock.
Shares of Canada Goose Holdings (NYSE GOOS) traded down 0.95% during midday trading on Wednesday, reaching $20.76. 493,206 shares of the company’s stock traded hands. The stock has a market cap of $2.22 billion and a price-to-earnings ratio of 110.43. Canada Goose Holdings has a 52-week low of $15.20 and a 52-week high of $24.32. The stock has a 50 day moving average of $18.96 and a 200-day moving average of $18.48.
Canada Goose Holdings (NYSE:GOOS) last issued its quarterly earnings data 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 company had revenue of C$28.20 million for the quarter, compared to analyst estimates of C$16.50 million. The business’s revenue was up 79.6% compared to the same quarter last year. On average, equities research analysts expect that Canada Goose Holdings will post $0.44 EPS for the current year.
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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