Canada Goose Holdings Inc. (NYSE:GOOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $22.00 target price on the stock.

According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “

Several other equities analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Canaccord Genuity reissued a “buy” rating on shares of Canada Goose Holdings in a report on Friday, August 11th. Bank of America Corporation raised shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, June 28th. Robert W. Baird reissued a “neutral” rating on shares of Canada Goose Holdings in a report on Friday, June 16th. Finally, Nomura reissued a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$26.91.

Shares of Canada Goose Holdings (NYSE:GOOS) traded up 4.49% on Wednesday, reaching $20.50. The company had a trading volume of 1,817,294 shares. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 113.89. The stock’s 50 day moving average is $18.53 and its 200 day moving average is $18.27. Canada Goose Holdings has a 52 week low of $15.20 and a 52 week high of $24.32.

Canada Goose Holdings (NYSE:GOOS) last issued its earnings results on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to analysts’ expectations of C$16.50 million. The firm’s revenue was up 79.6% compared to the same quarter last year. On average, equities analysts anticipate that Canada Goose Holdings will post $0.45 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Canada Goose Holdings by 71.4% during the second quarter. FMR LLC now owns 4,904,394 shares of the company’s stock worth $96,887,000 after buying an additional 2,043,794 shares during the period. Lord Abbett & CO. LLC lifted its position in Canada Goose Holdings by 58.2% during the second quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock valued at $43,614,000 after purchasing an additional 812,532 shares during the period. Fred Alger Management Inc. lifted its position in Canada Goose Holdings by 56.3% during the second quarter. Fred Alger Management Inc. now owns 813,020 shares of the company’s stock valued at $16,057,000 after purchasing an additional 292,805 shares during the period. Eagle Asset Management Inc. lifted its position in Canada Goose Holdings by 165.0% during the second quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock valued at $14,246,000 after purchasing an additional 449,182 shares during the period. Finally, Laurion Capital Management LP lifted its position in Canada Goose Holdings by 509.7% during the second quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock valued at $12,042,000 after purchasing an additional 509,700 shares during the period. Institutional investors and hedge funds own 26.23% of the company’s stock.

Canada Goose Holdings Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. 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.

Analyst Recommendations for Canada Goose Holdings (NYSE:GOOS)

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