Canada Goose (NYSE:GOOS – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Several other research analysts have also recently issued reports on GOOS. Evercore set a $10.00 price objective on Canada Goose in a research note on Friday, May 15th. Barclays dropped their target price on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Weiss Ratings upgraded shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Robert W. Baird set a $11.66 price target on shares of Canada Goose in a research report on Friday, May 15th. Finally, Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.53.
View Our Latest Stock Analysis on Canada Goose
Canada Goose Price Performance
Canada Goose (NYSE:GOOS – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $325.89 million during the quarter, compared to analysts’ expectations of $295.79 million. Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. On average, equities research analysts predict that Canada Goose will post 0.89 EPS for the current year.
Hedge Funds Weigh In On Canada Goose
Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Canada Goose by 15,788,723.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after acquiring an additional 36,629,838 shares during the period. Bank of America Corp DE grew its stake in shares of Canada Goose by 1,557.5% during the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares during the period. Marshall Wace LLP grew its stake in shares of Canada Goose by 132.5% during the 4th quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock worth $19,952,000 after purchasing an additional 877,987 shares during the period. CenterBook Partners LP purchased a new position in shares of Canada Goose during the 4th quarter valued at approximately $5,363,000. Finally, Millennium Management LLC increased its holdings in shares of Canada Goose by 279.8% during the 4th quarter. Millennium Management LLC now owns 548,919 shares of the company’s stock valued at $7,109,000 after purchasing an additional 404,374 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Canada Goose Company Profile
Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.
Founded in 1957 as Metro Sportswear Ltd.
Read More
- Five stocks we like better than Canada Goose
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.
