Posted by admin on May 31st, 2022

Shares of Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.82.

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Canada Goose from $39.00 to $42.00 in a report on Friday, May 20th. Cowen decreased their target price on shares of Canada Goose from $37.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, May 20th. Wells Fargo & Company decreased their target price on shares of Canada Goose from C$45.00 to C$38.00 in a research report on Friday, May 20th. Credit Suisse Group reduced their price objective on shares of Canada Goose from C$48.00 to C$37.00 in a research report on Friday, May 20th. Finally, OTR Global cut shares of Canada Goose from a “mixed” rating to a “negative” rating in a research note on Friday, April 22nd.

Shares of GOOS opened at $20.43 on Tuesday. Canada Goose has a 12 month low of $17.91 and a 12 month high of $53.64. The firm’s 50 day moving average is $22.74 and its 200-day moving average is $29.89. The stock has a market capitalization of $2.19 billion, a PE ratio of 29.61, a P/E/G ratio of 0.52 and a beta of 1.62. The company has a current ratio of 2.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86.

Canada Goose (NYSE:GOOS – Get Rating) last announced its quarterly earnings data on Thursday, May 19th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $223.46 million. Canada Goose had a net margin of 8.52% and a return on equity of 25.08%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts predict that Canada Goose will post 1.43 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in Canada Goose during the 1st quarter valued at approximately $918,000. Amundi Pioneer Asset Management Inc. purchased a new position in Canada Goose during the 1st quarter valued at $4,707,000. Invesco Ltd. purchased a new position in Canada Goose during the 2nd quarter valued at $241,000. Wells Fargo & Company MN raised its position in Canada Goose by 58.5% during the 2nd quarter. Wells Fargo & Company MN now owns 25,936 shares of the company’s stock valued at $1,134,000 after purchasing an additional 9,577 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its position in Canada Goose by 118.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 5,757 shares of the company’s stock valued at $205,000 after purchasing an additional 3,123 shares in the last quarter. 42.99% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Company Profile (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

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