TD Securities Boosts Canada Goose (NYSE:GOOS) Price Target to C$49.00

Canada Goose (NYSE:GOOS – Get Rating) had its target price increased by analysts at TD Securities from C$46.00 to C$49.00 in a report released on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. UBS Group cut shares of Canada Goose from a “buy” rating to a “neutral” rating and cut their price target for the stock from $59.00 to $35.00 in a research note on Friday, January 7th. Robert W. Baird cut their price objective on shares of Canada Goose to C$50.00 in a research note on Friday, February 11th. Barclays cut their price objective on shares of Canada Goose from $38.00 to $32.00 in a research note on Friday, April 1st. Veritas Investment Research raised shares of Canada Goose from a “reduce” rating to a “buy” rating in a research note on Monday, February 14th. Finally, Zacks Investment Research raised shares of Canada Goose from a “sell” rating to a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $43.30.

NYSE GOOS traded down $0.38 during trading hours on Thursday, reaching $23.38. 75,987 shares of the company were exchanged, compared to its average volume of 1,346,769. The business’s 50 day simple moving average is $25.50 and its 200-day simple moving average is $33.89. Canada Goose has a 1 year low of $21.20 and a 1 year high of $53.64. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $2.50 billion, a P/E ratio of 29.97, a P/E/G ratio of 0.55 and a beta of 1.59.

Canada Goose (NYSE:GOOS – Get Rating) last posted its earnings results on Thursday, February 10th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.12. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. The business had revenue of $586.10 million for the quarter, compared to analyst estimates of $586.52 million. During the same quarter in the prior year, the firm posted $0.78 EPS. Canada Goose’s revenue was up 23.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Canada Goose will post 0.85 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of GOOS. Marshall Wace LLP boosted its holdings in shares of Canada Goose by 19,764.4% during the 4th quarter. Marshall Wace LLP now owns 1,211,731 shares of the company’s stock valued at $44,910,000 after buying an additional 1,205,631 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Canada Goose by 871.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,204,884 shares of the company’s stock worth $43,018,000 after purchasing an additional 1,080,884 shares during the period. Barclays PLC increased its stake in shares of Canada Goose by 129.8% during the third quarter. Barclays PLC now owns 1,569,741 shares of the company’s stock valued at $55,993,000 after purchasing an additional 886,795 shares in the last quarter. Norges Bank purchased a new position in shares of Canada Goose during the fourth quarter valued at approximately $17,653,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Canada Goose by 462.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 560,632 shares of the company’s stock worth $20,793,000 after purchasing an additional 460,868 shares in the last quarter. Institutional investors and hedge funds own 43.23% of the company’s stock.

Canada Goose Company Profile (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

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