Canada Goose’s (NYSE:GOOS) Hold Rating Reaffirmed at Wells Fargo & Co

Wells Fargo & Co restated their hold rating on shares of Canada Goose (NYSE:GOOS) in a research note released on Thursday, May 30th, TipRanks reports.

A number of other analysts have also issued reports on the company. Goldman Sachs Group raised Canada Goose from a neutral rating to a buy rating and decreased their price target for the stock from $65.00 to $47.00 in a research note on Friday, May 31st. HSBC initiated coverage on Canada Goose in a research note on Monday, May 20th. They issued a buy rating and a $48.32 price target on the stock. Zacks Investment Research raised Canada Goose from a hold rating to a buy rating and set a $56.00 price target on the stock in a research note on Wednesday, April 17th. Finally, Bank of America lowered Canada Goose from a buy rating to a neutral rating and set a $33.50 price target on the stock. in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Canada Goose has an average rating of Buy and a consensus target price of $69.64.

NYSE:GOOS traded down $0.23 during trading hours on Thursday, hitting $36.84. The company’s stock had a trading volume of 24,921 shares, compared to its average volume of 3,460,511. The company has a 50-day moving average price of $41.88. The firm has a market capitalization of $4.08 billion, a P/E ratio of 36.29, a PEG ratio of 1.04 and a beta of 3.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.02 and a quick ratio of 1.07. Canada Goose has a 52-week low of $31.67 and a 52-week high of $72.27.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Canada Goose had a return on equity of 46.09% and a net margin of 17.24%. The firm had revenue of $156.20 million during the quarter, compared to analysts’ expectations of $158.85 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Canada Goose’s revenue was up 25.2% compared to the same quarter last year. On average, research analysts anticipate that Canada Goose will post 1.26 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. FIL Ltd raised its holdings in shares of Canada Goose by 0.4% during the 1st quarter. FIL Ltd now owns 6,774,758 shares of the company’s stock valued at $325,367,000 after buying an additional 27,494 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Canada Goose by 8.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 4,601,089 shares of the company’s stock worth $220,944,000 after acquiring an additional 374,922 shares in the last quarter. American Century Companies Inc. grew its position in shares of Canada Goose by 548.2% in the 4th quarter. American Century Companies Inc. now owns 2,772,833 shares of the company’s stock worth $121,228,000 after acquiring an additional 2,345,042 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Canada Goose by 61.0% in the 1st quarter. Eagle Asset Management Inc. now owns 2,264,991 shares of the company’s stock worth $108,771,000 after acquiring an additional 857,837 shares in the last quarter. Finally, Carillon Tower Advisers Inc. grew its position in shares of Canada Goose by 87.3% in the 1st quarter. Carillon Tower Advisers Inc. now owns 1,577,191 shares of the company’s stock worth $75,736,000 after acquiring an additional 735,301 shares in the last quarter. Institutional investors and hedge funds own 51.12% of the company’s stock.

Canada Goose Company Profile

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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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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