Canada Goose Holdings Inc (GOOS) Receives $77.04 Average PT from Analysts

Canada Goose Holdings Inc (NYSE:GOOS) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $77.04.

Several equities research analysts have issued reports on GOOS shares. Zacks Investment Research raised Canada Goose from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, February 15th. TD Securities upgraded Canada Goose from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $93.00 to $84.00 in a report on Thursday, January 3rd. Finally, Wells Fargo & Co downgraded Canada Goose from an “outperform” rating to a “market perform” rating and set a $48.00 price objective on the stock. in a report on Thursday, January 24th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in Canada Goose by 43.8% during the 4th quarter. IFP Advisors Inc now owns 719 shares of the company’s stock valued at $30,000 after purchasing an additional 219 shares during the period. Tower View Investment Management & Research LLC purchased a new position in Canada Goose during the 4th quarter valued at about $26,000. Advisors Asset Management Inc. purchased a new position in Canada Goose during the 4th quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Canada Goose by 4.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,016 shares of the company’s stock valued at $744,000 after purchasing an additional 800 shares during the period. Finally, First Manhattan Co. increased its holdings in Canada Goose by 50.0% during the 4th quarter. First Manhattan Co. now owns 3,000 shares of the company’s stock valued at $131,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 49.19% of the company’s stock.

NYSE:GOOS opened at $49.43 on Friday. The firm has a market cap of $5.47 billion, a P/E ratio of 76.05, a price-to-earnings-growth ratio of 1.25 and a beta of 2.72. Canada Goose has a 52-week low of $33.67 and a 52-week high of $72.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.58 and a quick ratio of 1.32.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.14. Canada Goose had a return on equity of 52.29% and a net margin of 17.71%. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $360.13 million. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s quarterly revenue was up 50.2% on a year-over-year basis. Equities research analysts anticipate that Canada Goose will post 0.98 EPS for the current year.

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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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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