Shares of Canada Goose Holdings Inc. (NYSE:GOOS) reached a new 52-week high during mid-day trading on Friday after Robert W. Baird raised their price target on the stock from $27.00 to $31.00. Robert W. Baird currently has a neutral rating on the stock. Canada Goose Holdings traded as high as C$25.78 and last traded at C$26.04, with a volume of 1249682 shares. The stock had previously closed at C$24.79.
Other equities analysts have also issued research reports about the stock. Barclays PLC increased their price target on shares of Canada Goose Holdings from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Canada Goose Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Canaccord Genuity restated a “buy” rating on shares of Canada Goose Holdings in a research report on Wednesday. Finally, Instinet restated a “neutral” rating and set a $26.00 price target on shares of Canada Goose Holdings in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$27.08.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Canada Goose Holdings by 39.6% in the third quarter. Wells Fargo & Company MN now owns 218,133 shares of the company’s stock worth $4,483,000 after buying an additional 61,905 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Canada Goose Holdings by 412.1% in the third quarter. JPMorgan Chase & Co. now owns 125,967 shares of the company’s stock worth $2,555,000 after buying an additional 101,367 shares in the last quarter. Cipher Capital LP purchased a new stake in shares of Canada Goose Holdings in the third quarter worth about $1,821,000. Ameriprise Financial Inc. purchased a new stake in shares of Canada Goose Holdings in the third quarter worth about $1,293,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Canada Goose Holdings by 114.1% in the third quarter. New York State Common Retirement Fund now owns 163,785 shares of the company’s stock worth $3,366,000 after buying an additional 87,280 shares in the last quarter. 27.19% of the stock is currently owned by hedge funds and other institutional investors.
The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.76 and a current ratio of 4.16.
Canada Goose Holdings (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.15) by C$0.05. The firm had revenue of C$28.20 million during the quarter, compared to analysts’ expectations of C$16.50 million. Canada Goose Holdings’s revenue for the quarter was up 79.6% compared to the same quarter last year. analysts anticipate that Canada Goose Holdings Inc. will post 0.43 EPS for the current year.
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About Canada Goose Holdings
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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