Shares of Canada Goose Holdings Inc (NYSE:GOOS) have been given an average recommendation of “Buy” by the thirteen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $62.29.
Several analysts recently weighed in on GOOS shares. Zacks Investment Research downgraded Canada Goose from a “buy” rating to a “hold” rating in a research note on Monday. DA Davidson started coverage on Canada Goose in a research note on Tuesday, September 25th. They set a “buy” rating and a $68.00 target price for the company. Barclays restated a “buy” rating and set a $72.00 target price on shares of Canada Goose in a research note on Wednesday, August 8th. Robert W. Baird downgraded Canada Goose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 1st. Finally, Goldman Sachs Group began coverage on Canada Goose in a research report on Monday, June 25th. They issued a “neutral” rating and a $69.00 price objective for the company.
Several hedge funds have recently made changes to their positions in GOOS. Artisan Partners Limited Partnership lifted its position in shares of Canada Goose by 110.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,199,702 shares of the company’s stock worth $129,452,000 after acquiring an additional 1,156,186 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Canada Goose by 184.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,304,231 shares of the company’s stock worth $76,661,000 after buying an additional 845,125 shares in the last quarter. Morgan Stanley raised its holdings in shares of Canada Goose by 151.8% in the 2nd quarter. Morgan Stanley now owns 1,026,313 shares of the company’s stock worth $60,398,000 after buying an additional 618,670 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Canada Goose in the 2nd quarter worth approximately $35,219,000. Finally, Scopus Asset Management L.P. acquired a new position in shares of Canada Goose in the 1st quarter worth approximately $14,623,000. Institutional investors own 38.65% of the company’s stock.
Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, August 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company had revenue of $44.70 million during the quarter, compared to the consensus estimate of $35.72 million. Canada Goose had a return on equity of 41.49% and a net margin of 14.80%. The firm’s revenue was up 58.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) EPS. On average, research analysts predict that Canada Goose will post 0.86 earnings per share 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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