Canada Goose (NYSE:GOOS) PT Raised to C$49.00 at TD Securities

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

Other research analysts have also issued research reports about the stock. UBS Group lowered shares of Canada Goose from a “buy” rating to a “neutral” rating and cut their price target for the company from $59.00 to $35.00 in a report on Friday, January 7th. Credit Suisse Group cut their price target on shares of Canada Goose from C$60.00 to C$48.00 in a report on Friday, February 11th. CIBC cut their price target on shares of Canada Goose from C$67.00 to C$45.00 in a report on Friday, February 11th. Robert W. Baird dropped their price objective on shares of Canada Goose to C$50.00 in a research note on Friday, February 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Canada Goose from C$55.00 to C$45.00 in a research note on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $43.30.

Shares of GOOS stock opened at $21.84 on Thursday. The firm has a market cap of $2.34 billion, a P/E ratio of 28.00, a PEG ratio of 0.55 and a beta of 1.59. Canada Goose has a 1-year low of $21.20 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 1.42. The firm’s 50-day simple moving average is $25.31 and its 200-day simple moving average is $33.71.

Canada Goose (NYSE:GOOSGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.12. The business had revenue of $586.10 million for the quarter, compared to analyst estimates of $586.52 million. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. The company’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. Analysts expect that Canada Goose will post 0.85 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in GOOS. Marshall Wace LLP raised its stake in shares of Canada Goose by 19,764.4% during the fourth quarter. Marshall Wace LLP now owns 1,211,731 shares of the company’s stock valued at $44,910,000 after purchasing an additional 1,205,631 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Canada Goose by 871.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,204,884 shares of the company’s stock valued at $43,018,000 after purchasing an additional 1,080,884 shares in the last quarter. Barclays PLC raised 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 bought a new stake in shares of Canada Goose during the fourth quarter valued at about $17,653,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Canada Goose by 462.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 560,632 shares of the company’s stock valued at $20,793,000 after purchasing an additional 460,868 shares in the last quarter. 43.23% of the stock is owned by institutional investors.

About Canada Goose (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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