Canaccord Genuity reissued their buy rating on shares of Canada Goose Holdings Inc. (NYSE:GOOS) in a report released on Wednesday, MarketBeat Ratings reports.
GOOS has been the subject of a number of other reports. Barclays PLC increased their price objective on Canada Goose Holdings from $24.00 to $27.00 and gave the company an overweight rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded Canada Goose Holdings from a buy rating to a hold rating in a report on Tuesday, August 29th. Instinet restated a neutral rating and issued a $26.00 price objective on shares of Canada Goose Holdings in a report on Monday, August 14th. Wells Fargo & Company restated an outperform rating on shares of Canada Goose Holdings in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded Canada Goose Holdings from a sell rating to a hold rating in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of C$27.08.
Canada Goose Holdings (NYSE:GOOS) traded up C$1.21 during midday trading on Wednesday, reaching C$26.00. The company had a trading volume of 2,060,600 shares, compared to its average volume of 729,019. Canada Goose Holdings has a 1-year low of C$15.20 and a 1-year high of C$26.08. The company has a debt-to-equity ratio of 1.74, a current ratio of 4.16 and a quick ratio of 0.76.
Canada Goose Holdings (NYSE:GOOS) last posted its quarterly earnings data on Thursday, August 10th. The company reported C($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million during the quarter, compared to analyst estimates of C$16.50 million. The business’s revenue for the quarter was up 79.6% compared to the same quarter last year. sell-side analysts anticipate that Canada Goose Holdings will post 0.45 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. First Bank & Trust grew its holdings in Canada Goose Holdings by 696.2% during the 3rd quarter. First Bank & Trust now owns 5,072 shares of the company’s stock worth $104,000 after acquiring an additional 4,435 shares during the period. Sei Investments Co. acquired a new stake in Canada Goose Holdings during the 3rd quarter worth about $107,000. Cubist Systematic Strategies LLC acquired a new stake in Canada Goose Holdings during the 2nd quarter worth about $127,000. Forward Management LLC acquired a new stake in Canada Goose Holdings during the 2nd quarter worth about $134,000. Finally, Nationwide Fund Advisors grew 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 acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 27.19% 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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