Canada Goose Holdings Inc. (NYSE:GOOS) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$26.30.
A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company restated an “outperform” rating on shares of Canada Goose Holdings in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, September 26th. BidaskClub upgraded shares of Canada Goose Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Canaccord Genuity restated a “buy” rating and issued a $34.00 price objective on shares of Canada Goose Holdings in a report on Wednesday, September 6th. Finally, Barclays PLC restated an “overweight” rating and issued a $31.00 price objective (up from $30.00) on shares of Canada Goose Holdings in a report on Monday, August 14th.
Shares of Canada Goose Holdings (NYSE GOOS) traded down 1.09% during trading on Wednesday, hitting $20.82. The stock had a trading volume of 487,212 shares. The stock’s 50 day moving average price is $19.14 and its 200-day moving average price is $18.54. The stock has a market cap of $2.23 billion and a P/E ratio of 110.74. Canada Goose Holdings has a one year low of $15.20 and a one year high of $24.32.
Canada Goose Holdings (NYSE:GOOS) last announced its quarterly earnings data on Thursday, August 10th. The company reported C($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.15) by C$0.05. The firm had revenue of C$28.20 million during the quarter, compared to analyst estimates of C$16.50 million. The business’s revenue for the quarter was up 79.6% on a year-over-year basis. Analysts expect that Canada Goose Holdings will post $0.43 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in Canada Goose Holdings by 2.7% during the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after acquiring an additional 210 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in Canada Goose Holdings by 20.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 24,000 shares of the company’s stock worth $474,000 after acquiring an additional 4,000 shares in the last quarter. Franklin Resources Inc. raised its stake in Canada Goose Holdings by 1.4% during the 2nd quarter. Franklin Resources Inc. now owns 448,900 shares of the company’s stock worth $8,872,000 after acquiring an additional 6,100 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Canada Goose Holdings during the 2nd quarter worth $127,000. Finally, Forward Management LLC acquired a new stake in Canada Goose Holdings during the 2nd quarter worth $134,000. Hedge funds and other institutional investors own 26.23% of the company’s stock.
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About Canada Goose Holdings
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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