Canada Goose (NYSE:GOOS) Upgraded by TD Cowen to "Buy" Rating

Key Points

• Canada Goose has been upgraded to a "buy" rating by TD Cowen, with a target price of $18.00, indicating a potential upside of 34.49% from its current price.
• Several analysts have varied opinions on Canada Goose, with ratings ranging from "Strong Buy" to "Sell," and a consensus rating of "Hold" with an average target price of $15.00.
• In its last quarterly earnings report, Canada Goose reported a loss of ($0.66) per share, but exceeded revenue expectations with $77.91 million compared to the estimated $68.33 million.

Canada Goose (NYSE:GOOS - Get Free Report) was upgraded by TD Cowen from a "hold" rating to a "buy" rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a $18.00 price objective on the stock, up from their previous price objective of $16.00. TD Cowen's target price suggests a potential upside of 27.93% from the company's previous close.

A number of other brokerages have also commented on GOOS. Evercore ISI set a $11.00 price target on Canada Goose and gave the stock an "in-line" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group raised their price target on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Thursday, May 22nd. Baird R W raised Canada Goose from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen lowered Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Canada Goose Trading Down 3.8%

Shares of GOOS stock traded down $0.56 during mid-day trading on Monday, reaching $14.07. The stock had a trading volume of 709,466 shares, compared to its average volume of 1,745,803. The stock's 50-day moving average price is $12.86 and its two-hundred day moving average price is $10.71. Canada Goose has a 52-week low of $6.73 and a 52-week high of $15.43. The firm has a market capitalization of $1.37 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.46. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87.

Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). Canada Goose had a net margin of 3.48% and a return on equity of 19.85%. The firm had revenue of $77.91 million during the quarter, compared to analysts' expectations of $68.33 million. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities analysts expect that Canada Goose will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. Deutsche Bank AG raised its position in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock worth $80,000 after purchasing an additional 5,259 shares during the last quarter. MQS Management LLC purchased a new position in shares of Canada Goose in the 1st quarter worth about $86,000. Ameriprise Financial Inc. purchased a new position in shares of Canada Goose in the 2nd quarter worth about $139,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Canada Goose in the 2nd quarter worth about $151,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Canada Goose in the 2nd quarter worth about $158,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Canada Goose Company Profile

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.