HSBC started coverage on shares of Canada Goose (NYSE:GOOS) in a report issued on Monday morning, Benzinga reports. The brokerage issued a buy rating and a $48.32 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Canada Goose from a hold rating to a buy rating and set a $56.00 price target on the stock in a research report on Wednesday, April 17th. Wells Fargo & Co cut shares of Canada Goose from an outperform rating to a market perform rating and set a $48.00 price target on the stock. in a research report on Thursday, January 24th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $74.48.
Shares of NYSE:GOOS opened at $46.93 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Canada Goose has a one year low of $39.15 and a one year high of $72.27. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 72.20, a price-to-earnings-growth ratio of 1.25 and a beta of 2.69.
Hedge funds have recently modified their holdings of the company. TD Asset Management Inc. raised its holdings in Canada Goose by 10.4% in the 4th quarter. TD Asset Management Inc. now owns 241,566 shares of the company’s stock valued at $10,555,000 after acquiring an additional 22,740 shares during the period. Shepherd Financial Partners LLC bought a new position in Canada Goose in the 4th quarter valued at about $277,000. Janney Montgomery Scott LLC raised its holdings in Canada Goose by 107.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,328 shares of the company’s stock valued at $320,000 after acquiring an additional 3,792 shares during the period. First Manhattan Co. raised its holdings in Canada Goose by 50.0% in the 4th quarter. First Manhattan Co. now owns 3,000 shares of the company’s stock valued at $131,000 after acquiring an additional 1,000 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Canada Goose in the 4th quarter valued at about $21,860,000. 51.22% of the stock is currently owned by institutional investors.
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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