Canada Goose (NYSE:GOOS - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at UBS Group in a report released on Thursday, MarketBeat.com reports. They currently have a $11.00 price target on the stock, up from their prior price target of $8.00. UBS Group's price target indicates a potential downside of 12.80% from the stock's current price.
A number of other brokerages have also recently weighed in on GOOS. Barclays restated an "underweight" rating and set a $8.00 price objective (down from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Evercore ISI cut their price objective on shares of Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company upgraded shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.50.
Check Out Our Latest Stock Report on Canada Goose
Canada Goose Stock Performance
GOOS stock traded up $0.85 during mid-day trading on Thursday, reaching $12.62. The company had a trading volume of 1,131,924 shares, compared to its average volume of 892,647. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1.22 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.00 and a beta of 1.26. Canada Goose has a one year low of $6.73 and a one year high of $14.75. The stock's 50-day simple moving average is $8.48 and its two-hundred day simple moving average is $9.44.
Canada Goose (NYSE:GOOS - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.17. The company had revenue of $266.83 million for the quarter, compared to analysts' expectations of $355.76 million. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. Research analysts anticipate that Canada Goose will post 0.7 EPS for the current year.
Hedge Funds Weigh In On Canada Goose
A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Canada Goose by 10.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock worth $167,000 after purchasing an additional 1,578 shares in the last quarter. TD Asset Management Inc grew its stake in Canada Goose by 3.3% during the 1st quarter. TD Asset Management Inc now owns 51,512 shares of the company's stock valued at $408,000 after acquiring an additional 1,656 shares in the last quarter. Mackenzie Financial Corp grew its stake in Canada Goose by 8.7% during the 1st quarter. Mackenzie Financial Corp now owns 23,223 shares of the company's stock valued at $184,000 after acquiring an additional 1,864 shares in the last quarter. Olympiad Research LP grew its stake in Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company's stock valued at $166,000 after acquiring an additional 2,549 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Canada Goose by 16.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock valued at $242,000 after acquiring an additional 3,410 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.
About Canada Goose
(
Get Free Report)
Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.
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