Recent Research Analysts’ Ratings Changes for Canada Goose (GOOS)

Several analysts have recently updated their ratings and price targets for Canada Goose (NYSE: GOOS):

  • 12/3/2019 – Canada Goose was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/25/2019 – Canada Goose is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $47.00 price target on the stock.
  • 11/19/2019 – Canada Goose was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “
  • 11/15/2019 – Canada Goose was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “
  • 11/14/2019 – Canada Goose had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $62.00 price target on the stock, down previously from $72.00.
  • 11/14/2019 – Canada Goose had its price target lowered by analysts at DA Davidson from $42.00 to $38.00. They now have a “neutral” rating on the stock.
  • 11/7/2019 – Canada Goose was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $42.00 price target on the stock, down previously from $48.00.
  • 11/7/2019 – Canada Goose was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “

Canada Goose stock traded up $0.63 during midday trading on Wednesday, hitting $38.48. The stock had a trading volume of 56,646 shares, compared to its average volume of 2,871,333. The business has a fifty day moving average price of $38.78 and a 200 day moving average price of $40.25. Canada Goose Holdings Inc has a 12 month low of $31.67 and a 12 month high of $69.91. The stock has a market cap of $4.17 billion, a P/E ratio of 37.73, a P/E/G ratio of 1.37 and a beta of 3.01. The company has a current ratio of 2.89, a quick ratio of 1.10 and a debt-to-equity ratio of 1.32.

Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, November 13th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22. Canada Goose had a return on equity of 41.67% and a net margin of 15.66%. The company had revenue of $294.00 million for the quarter, compared to the consensus estimate of $267.29 million. During the same quarter last year, the business posted $0.46 EPS. Canada Goose’s quarterly revenue was up 27.7% compared to the same quarter last year. On average, equities analysts anticipate that Canada Goose Holdings Inc will post 1.26 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in GOOS. Select Equity Group L.P. boosted its holdings in shares of Canada Goose by 504.7% in the 3rd quarter. Select Equity Group L.P. now owns 4,210,314 shares of the company’s stock valued at $185,128,000 after buying an additional 3,514,101 shares during the period. Carillon Tower Advisers Inc. lifted its holdings in Canada Goose by 9.5% in the second quarter. Carillon Tower Advisers Inc. now owns 1,726,777 shares of the company’s stock worth $66,877,000 after acquiring an additional 149,586 shares during the last quarter. Vanguard Group Inc. boosted its stake in Canada Goose by 4.0% in the second quarter. Vanguard Group Inc. now owns 1,535,785 shares of the company’s stock valued at $59,481,000 after acquiring an additional 59,369 shares during the period. BlackRock Inc. boosted its stake in Canada Goose by 50.7% in the second quarter. BlackRock Inc. now owns 1,466,426 shares of the company’s stock valued at $56,795,000 after acquiring an additional 493,507 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Canada Goose by 1.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 930,709 shares of the company’s stock valued at $36,103,000 after purchasing an additional 11,900 shares during the last quarter. Hedge funds and other institutional investors own 56.84% of the company’s stock.

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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