Zacks Investment Research cut shares of Canada Goose Holdings Inc. (NYSE:GOOS) from a buy rating to a hold rating in a report issued on Wednesday, November 1st.
According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “
GOOS has been the subject of a number of other research reports. Barclays PLC increased their price target on shares of Canada Goose Holdings from $22.00 to $24.00 and gave the company an overweight rating in a report on Tuesday, August 8th. Instinet restated a neutral rating and set a $26.00 target price on shares of Canada Goose Holdings in a report on Monday, August 14th. Canaccord Genuity restated a buy rating and set a $34.00 target price on shares of Canada Goose Holdings in a report on Wednesday, September 6th. Wells Fargo & Company restated an outperform rating on shares of Canada Goose Holdings in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of Canada Goose Holdings from a sell rating to a hold rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Canada Goose Holdings has an average rating of Hold and an average target price of C$27.08.
Shares of Canada Goose Holdings (NYSE:GOOS) opened at C$26.00 on Wednesday. Canada Goose Holdings has a 52 week low of C$15.20 and a 52 week high of C$26.08. The company has a quick ratio of 0.76, a current ratio of 4.16 and a debt-to-equity ratio of 1.74.
Canada Goose Holdings (NYSE:GOOS) last released its earnings results on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, topping the Thomson Reuters’ 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 was up 79.6% on a year-over-year basis. analysts forecast that Canada Goose Holdings will post 0.45 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. First Bank & Trust increased its stake in shares of Canada Goose Holdings by 696.2% in the third quarter. First Bank & Trust now owns 5,072 shares of the company’s stock worth $104,000 after buying an additional 4,435 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Canada Goose Holdings in the third quarter worth $107,000. Cubist Systematic Strategies LLC bought a new stake in shares of Canada Goose Holdings in the second quarter worth $127,000. Forward Management LLC bought a new stake in Canada Goose Holdings during the second quarter valued at $134,000. Finally, Nationwide Fund Advisors increased its stake in Canada Goose Holdings by 2.7% during the second quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock valued at $160,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 27.19% of the company’s stock.
Canada Goose Holdings Company Profile
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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