Evercore ISI Forecasts Strong Price Appreciation for Canada Goose (NYSE:GOOS) Stock

Canada Goose (NYSE:GOOS) had its price target hoisted by Evercore ISI from $11.00 to $12.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 0.92% from the company’s previous close.

A number of other brokerages also recently commented on GOOS. TD Cowen upgraded Canada Goose from a “hold” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $18.00 in a research note on Monday, September 8th. Barclays lowered their price target on shares of Canada Goose from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, October 8th. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.33.

Canada Goose Stock Performance

NYSE GOOS traded down $0.10 during trading hours on Friday, reaching $12.11. The company’s stock had a trading volume of 269,996 shares, compared to its average volume of 1,111,415. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $13.67 and a 200 day simple moving average of $12.12. Canada Goose has a 52 week low of $6.73 and a 52 week high of $15.43. The stock has a market cap of $1.18 billion, a PE ratio of 35.68, a PEG ratio of 1.29 and a beta of 1.64.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently modified their holdings of GOOS. Jump Financial LLC acquired a new position in Canada Goose in the 1st quarter worth approximately $221,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Canada Goose by 0.7% in the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company’s stock valued at $42,643,000 after purchasing an additional 39,012 shares in the last quarter. Graham Capital Management L.P. boosted its position in shares of Canada Goose by 43.8% in 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 during the period. Landscape Capital Management L.L.C. grew its holdings in shares of Canada Goose by 169.2% during the first quarter. Landscape Capital Management L.L.C. now owns 178,921 shares of the company’s stock valued at $1,422,000 after buying an additional 112,450 shares in the last quarter. Finally, Interval Partners LP acquired a new position in Canada Goose during the first quarter valued at $347,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

About Canada Goose

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.