Wells Fargo & Co lowered shares of Canada Goose (NYSE:GOOS) from an outperform rating to a market perform rating in a research report sent to investors on Thursday, January 24th, Marketbeat reports. The brokerage currently has $48.00 price objective on the stock.
Other analysts have also issued reports about the stock. Cowen restated a buy rating and set a $77.00 target price on shares of Canada Goose in a research note on Monday, November 19th. DA Davidson upped their target price on shares of Canada Goose to $74.00 and gave the stock a buy rating in a research note on Friday, November 16th. Canaccord Genuity set a $102.00 target price on shares of Canada Goose and gave the stock a buy rating in a research note on Thursday, November 15th. TD Securities upgraded shares of Canada Goose from a hold rating to a buy rating and dropped their price target for the company from $93.00 to $84.00 in a research note on Thursday, January 3rd. Finally, Zacks Investment Research lowered shares of Canada Goose from a buy rating to a hold rating in a research note on Thursday, January 17th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Canada Goose currently has an average rating of Buy and an average price target of $78.86.
Shares of GOOS stock opened at $56.20 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.73 and a current ratio of 3.91. The stock has a market cap of $5.98 billion, a PE ratio of 71.76, a PEG ratio of 1.86 and a beta of 2.82. Canada Goose has a twelve month low of $28.41 and a twelve month high of $72.27.
Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Wednesday, November 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The firm had revenue of $230.30 million for the quarter, compared to analysts’ expectations of $197.99 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s revenue was up 33.7% compared to the same quarter last year. As a group, analysts forecast that Canada Goose will post 0.94 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Lisanti Capital Growth LLC acquired a new stake in Canada Goose in the fourth quarter valued at $1,939,000. New York State Common Retirement Fund lifted its holdings in Canada Goose by 21.6% in the fourth quarter. New York State Common Retirement Fund now owns 594,056 shares of the company’s stock valued at $25,972,000 after acquiring an additional 105,441 shares during the period. Eaton Vance Management acquired a new stake in Canada Goose in the fourth quarter valued at $376,000. Apertura Capital LLC purchased a new position in shares of Canada Goose in the fourth quarter valued at $3,060,000. Finally, Shepherd Financial Partners LLC purchased a new position in shares of Canada Goose in the fourth quarter valued at $277,000. 38.12% of the stock is owned by institutional investors.
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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