Canada Goose (NYSE:GOOS) Price Target Raised to $12.00

Canada Goose (NYSE:GOOS) had its target price increased by Evercore ISI from $11.00 to $12.00 in a research note released on Friday,Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company raised shares of Canada Goose from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 1st. Robert W. Baird set a $28.00 price objective on Canada Goose in a research report on Thursday, August 28th. Wall Street Zen cut Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Baird R W upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, TD Cowen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and upped their target price for the company from $16.00 to $18.00 in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Canada Goose has a consensus rating of “Hold” and a consensus price target of $15.00.

Canada Goose Price Performance

GOOS traded up $0.48 during trading on Friday, hitting $13.07. The company’s stock had a trading volume of 1,243,450 shares, compared to its average volume of 1,116,783. The company has a current ratio of 1.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 72.63 and a beta of 1.64. The business’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $12.21. Canada Goose has a twelve month low of $6.73 and a twelve month high of $15.43.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $195.63 million during the quarter, compared to analysts’ expectations of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.Canada Goose’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, equities research analysts forecast that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

Hedge funds have recently made changes to their positions in the company. Gardner Lewis Asset Management L P purchased a new position in Canada Goose in the third quarter worth $635,000. SCP Investment LP boosted its position in shares of Canada Goose by 75.0% in the 3rd quarter. SCP Investment LP now owns 350,000 shares of the company’s stock worth $4,826,000 after buying an additional 150,000 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Canada Goose by 31.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 60,576 shares of the company’s stock valued at $835,000 after purchasing an additional 14,539 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Canada Goose during the 3rd quarter worth approximately $88,000. Finally, State of Wyoming lifted its stake in Canada Goose by 8.2% in the 3rd quarter. State of Wyoming now owns 55,614 shares of the company’s stock valued at $767,000 after buying an additional 4,233 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, 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, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.