Canaccord Genuity reaffirmed their buy rating on shares of Canada Goose Holdings Inc. (NYSE:GOOS) in a research note published on Wednesday. Canaccord Genuity currently has a $34.00 price objective on the stock.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $22.00 price target (up previously from $20.00) on shares of Canada Goose Holdings in a research note on Monday, June 5th. Nomura reissued a hold rating on shares of Canada Goose Holdings in a research note on Saturday, August 12th. Robert W. Baird reissued a neutral rating on shares of Canada Goose Holdings in a research note on Thursday, August 10th. Bank of America Corporation raised shares of Canada Goose Holdings from a neutral rating to a buy rating and set a $33.00 price target for the company in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Canada Goose Holdings from a hold rating to a buy rating and set a $25.00 price target for the company in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Canada Goose Holdings presently has a consensus rating of Hold and a consensus target price of C$26.73.
Shares of Canada Goose Holdings (NYSE GOOS) opened at 18.84 on Wednesday. The company has a market cap of $2.02 billion and a P/E ratio of 104.67. The firm has a 50-day moving average of $18.57 and a 200 day moving average of $18.25. Canada Goose Holdings has a 52 week low of $9.98 and a 52 week high of $24.32.
Canada Goose Holdings (NYSE:GOOS) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.05. The firm had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $16.50 million. Canada Goose Holdings’s revenue for the quarter was up 79.6% on a year-over-year basis. Equities analysts expect that Canada Goose Holdings will post $0.45 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $127,000. Forward Management LLC acquired a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $134,000. Nationwide Fund Advisors lifted its holdings in Canada Goose Holdings by 2.7% during the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after buying an additional 210 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $226,000. Finally, Quantbot Technologies LP acquired a new stake in Canada Goose Holdings during the 2nd quarter worth approximately $235,000. Institutional investors own 26.23% of the company’s stock.
Canada Goose Holdings Company Profile
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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