Canada Goose Holdings Inc. (NYSE:GOOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $29.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 19.19% from the company’s previous close.
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. “
A number of other analysts have also issued reports on the company. Canaccord Genuity reiterated a “buy” rating on shares of Canada Goose Holdings in a report on Friday, August 11th. Nomura reiterated a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th. Robert W. Baird reiterated a “neutral” rating on shares of Canada Goose Holdings in a report on Thursday, August 10th. Barclays PLC reiterated an “overweight” rating and issued a $31.00 price target (up previously from $30.00) on shares of Canada Goose Holdings in a report on Monday, August 14th. Finally, BidaskClub upgraded Canada Goose Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $27.50.
Canada Goose Holdings (NYSE GOOS) opened at $24.33 on Monday. Canada Goose Holdings has a 12-month low of $15.20 and a 12-month high of $26.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.82 and a current ratio of 4.01.
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A number of institutional investors have recently bought and sold shares of GOOS. FMR LLC lifted its holdings in Canada Goose Holdings by 71.4% during the second quarter. FMR LLC now owns 4,904,394 shares of the company’s stock worth $96,887,000 after buying an additional 2,043,794 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Canada Goose Holdings by 58.2% during the second quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after buying an additional 812,532 shares during the period. Calamos Advisors LLC lifted its holdings in Canada Goose Holdings by 104.1% during the third quarter. Calamos Advisors LLC now owns 1,189,447 shares of the company’s stock worth $24,443,000 after buying an additional 606,674 shares during the period. Laurion Capital Management LP lifted its holdings in Canada Goose Holdings by 509.7% during the second quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock worth $12,042,000 after buying an additional 509,700 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Canada Goose Holdings by 165.0% during the second quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock worth $14,246,000 after buying an additional 449,182 shares during the period. Institutional investors own 27.23% 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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