Canada Goose (NYSE:GOOS - Get Free Report) has been assigned a $11.00 target price by stock analysts at Evercore ISI in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has an "in-line" rating on the stock. Evercore ISI's price target points to a potential downside of 12.73% from the stock's previous close.
Several other analysts also recently weighed in on GOOS. UBS Group reissued a "neutral" rating and set a $11.00 target price (up previously from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. 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. The Goldman Sachs Group upped their target price on Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Thursday, May 22nd. Finally, Barclays reissued an "underweight" rating and issued a $8.00 price objective (down from $10.00) on shares of Canada Goose in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $10.50.
Read Our Latest Stock Analysis on GOOS
Canada Goose Stock Up 7.1%
Shares of GOOS traded up $0.84 during trading hours on Thursday, hitting $12.61. The company had a trading volume of 1,140,107 shares, compared to its average volume of 1,119,907. The company has a market capitalization of $1.22 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The company's fifty day moving average price is $8.48 and its two-hundred day moving average price is $9.44. Canada Goose has a one year low of $6.73 and a one year high of $14.75.
Canada Goose (NYSE:GOOS - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.17. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The firm had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. During the same period in the previous year, the business earned $0.14 EPS. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Canada Goose will post 0.7 earnings per share for the current fiscal year.
Institutional Trading of Canada Goose
Several hedge funds and other institutional investors have recently bought and sold shares of GOOS. Goldman Sachs Group Inc. lifted its holdings in Canada Goose by 139.2% in the first quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company's stock valued at $2,458,000 after acquiring an additional 179,946 shares during the period. Interval Partners LP purchased a new position in shares of Canada Goose during the 1st quarter valued at approximately $347,000. PDT Partners LLC acquired a new position in shares of Canada Goose in the 1st quarter valued at $647,000. Graham Capital Management L.P. boosted its holdings in Canada Goose by 43.8% during the first quarter. Graham Capital Management L.P. now owns 118,645 shares of the company's stock worth $943,000 after buying an additional 36,158 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Canada Goose by 0.7% during the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after buying an additional 39,012 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.
Canada Goose Company Profile
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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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