Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $34.40

Canada Goose Holdings Inc. (NYSE:GOOSGet Rating) has been given an average rating of “Hold” by the twelve research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $34.40.

A number of research analysts have commented on the stock. Credit Suisse Group dropped their price objective on shares of Canada Goose from C$48.00 to C$37.00 in a research note on Friday, May 20th. Cowen dropped their price objective on shares of Canada Goose from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. Cowen dropped their price objective on shares of Canada Goose from $37.00 to $30.00 in a research note on Friday, May 20th. Barclays boosted their price target on shares of Canada Goose to $28.00 in a research note on Monday, August 15th. Finally, Robert W. Baird boosted their price target on shares of Canada Goose from $39.00 to $42.00 in a research note on Friday, May 20th.

Institutional Trading of Canada Goose

A number of institutional investors have recently added to or reduced their stakes in GOOS. Advisor Group Holdings Inc. boosted its holdings in Canada Goose by 105.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 11,834 shares of the company’s stock worth $439,000 after buying an additional 6,077 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Canada Goose by 122.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,246 shares of the company’s stock worth $1,306,000 after buying an additional 19,417 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Canada Goose by 9.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 449,219 shares of the company’s stock worth $16,648,000 after buying an additional 39,374 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Canada Goose in the fourth quarter valued at about $450,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Canada Goose by 96.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 42,031 shares of the company’s stock valued at $1,558,000 after purchasing an additional 20,678 shares in the last quarter. Hedge funds and other institutional investors own 44.18% of the company’s stock.

Canada Goose Price Performance

Shares of GOOS opened at $19.09 on Thursday. Canada Goose has a 1-year low of $16.65 and a 1-year high of $53.64. The stock has a market cap of $2.01 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 0.43 and a beta of 1.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.42 and a quick ratio of 0.66. The firm has a fifty day moving average price of $19.11 and a 200 day moving average price of $21.14.

Canada Goose (NYSE:GOOSGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. The company had revenue of $54.77 million for the quarter. Canada Goose had a net margin of 8.13% and a return on equity of 26.71%. As a group, sell-side analysts anticipate that Canada Goose will post 1.42 EPS for the current year.

About Canada Goose

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Canada Goose Holdings Inc 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, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.

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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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