Canada Goose (NYSE:GOOS) Stock Rating Upgraded by ValuEngine

Canada Goose (NYSE:GOOS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, ValuEngine reports.

Several other analysts also recently issued reports on GOOS. Barclays began coverage on Canada Goose in a research report on Monday, November 25th. They issued an “overweight” rating and a $47.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating and issued a $62.00 price objective (down from $72.00) on shares of Canada Goose in a research report on Thursday, November 14th. Zacks Investment Research downgraded Canada Goose from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, DA Davidson reduced their price objective on Canada Goose from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.63.

Shares of NYSE:GOOS opened at $38.62 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.89 and a debt-to-equity ratio of 1.32. Canada Goose has a 52-week low of $31.67 and a 52-week high of $70.26. The stock’s fifty day simple moving average is $38.81 and its 200-day simple moving average is $40.31. The company has a market capitalization of $4.18 billion, a P/E ratio of 37.86, a P/E/G ratio of 1.37 and a beta of 3.01.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.22. Canada Goose had a return on equity of 41.67% and a net margin of 15.66%. The business had revenue of $294.00 million for the quarter, compared to the consensus estimate of $267.29 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis. On average, sell-side analysts anticipate that Canada Goose will post 1.26 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in GOOS. Steward Partners Investment Advisory LLC acquired a new position in Canada Goose in the second quarter valued at $52,000. Tower Research Capital LLC TRC increased its stake in Canada Goose by 108.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,345 shares of the company’s stock valued at $104,000 after purchasing an additional 1,222 shares during the last quarter. Pathstone Family Office LLC acquired a new position in Canada Goose in the second quarter valued at $112,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Canada Goose in the second quarter valued at $116,000. Finally, Advisor Group Inc. increased its stake in Canada Goose by 10.2% in the second quarter. Advisor Group Inc. now owns 3,759 shares of the company’s stock valued at $146,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 56.84% of the company’s stock.

About Canada Goose

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.

See Also: What is an overbought condition?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Canada Goose (NYSE:GOOS)

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.