TD Securities Upgrades Canada Goose (GOOS) to “Buy”

Canada Goose (NYSE:GOOS) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a research report issued on Thursday, January 3rd, MarketBeat reports. The brokerage presently has a $84.00 price objective on the stock, down from their prior price objective of $93.00. TD Securities’ price objective points to a potential upside of 75.66% from the stock’s current price.

Several other equities analysts have also commented on GOOS. DA Davidson started coverage on shares of Canada Goose in a report on Tuesday, September 25th. They set a “buy” rating and a $68.00 target price on the stock. Zacks Investment Research cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Royal Bank of Canada increased their price target on shares of Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 14th. Credit Suisse Group increased their price target on shares of Canada Goose from $88.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Finally, Canaccord Genuity set a $102.00 price target on shares of Canada Goose and gave the company a “buy” rating in a research report on Thursday, November 15th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Canada Goose has an average rating of “Buy” and an average target price of $77.31.

Shares of NYSE:GOOS opened at $47.82 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.73 and a current ratio of 3.91. Canada Goose has a one year low of $28.41 and a one year high of $72.27. The firm has a market capitalization of $5.40 billion, a PE ratio of 73.57, a P/E/G ratio of 1.66 and a beta of 3.11.

Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, November 14th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.16. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The company had revenue of $230.30 million for the quarter, compared to analyst estimates of $197.99 million. During the same quarter last year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. Research analysts expect that Canada Goose will post 0.95 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Tower View Investment Management & Research LLC bought a new stake in Canada Goose during the 4th quarter valued at about $26,000. Vanguard Group Inc increased its stake in Canada Goose by 3,727.0% during the 3rd quarter. Vanguard Group Inc now owns 993,272 shares of the company’s stock valued at $64,107,000 after purchasing an additional 967,318 shares in the last quarter. Vanguard Group Inc. increased its stake in Canada Goose by 3,727.0% during the 3rd quarter. Vanguard Group Inc. now owns 993,272 shares of the company’s stock valued at $64,107,000 after purchasing an additional 967,318 shares in the last quarter. Griffin Asset Management Inc. increased its stake in Canada Goose by 2.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 60,680 shares of the company’s stock valued at $3,916,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Canada Goose by 1,728.8% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 285,300 shares of the company’s stock valued at $23,737,000 after purchasing an additional 269,700 shares in the last quarter. 38.12% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Company Profile

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.

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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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