Shares of Canada Goose Holdings Inc (NYSE:GOOS) have earned an average rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $45.97.
Several equities analysts have recently weighed in on the company. Barclays assumed coverage on Canada Goose in a research report on Monday, November 25th. They set an “overweight” rating and a $47.00 target price on the stock. DA Davidson cut their target price on Canada Goose from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. TD Securities raised Canada Goose from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Zacks Investment Research downgraded Canada Goose from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, ValuEngine raised Canada Goose from a “hold” rating to a “buy” rating in a research report on Friday.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Hexavest Inc. boosted its holdings in Canada Goose by 9.6% during the 4th quarter. Hexavest Inc. now owns 52,653 shares of the company’s stock valued at $1,909,000 after acquiring an additional 4,595 shares during the period. Select Equity Group L.P. boosted its holdings in Canada Goose by 504.7% during the 3rd quarter. Select Equity Group L.P. now owns 4,210,314 shares of the company’s stock valued at $185,128,000 after acquiring an additional 3,514,101 shares during the period. Banco de Sabadell S.A purchased a new position in Canada Goose during the 3rd quarter valued at $348,000. K2 Principal Fund L.P. purchased a new position in Canada Goose during the 3rd quarter valued at $210,000. Finally, Broad Peak Investment Holdings Ltd. purchased a new position in Canada Goose during the 3rd quarter valued at $35,653,000. 56.73% of the stock is currently owned by hedge funds and other institutional investors.
Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, November 13th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.22. The firm had revenue of $294.00 million for the quarter, compared to the consensus estimate of $267.29 million. Canada Goose had a return on equity of 41.67% and a net margin of 15.66%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, analysts anticipate that Canada Goose will post 1.26 EPS for the current year.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. 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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