Canada Goose (NYSE:GOOS)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen in a research report issued to clients and investors on Monday. They presently have a $77.00 price objective on the stock. Cowen’s target price would suggest a potential upside of 9.92% from the company’s current price.

Several other research firms have also commented on GOOS. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a research note on Friday. DA Davidson upped their price objective on shares of Canada Goose to $74.00 and gave the company a “buy” rating in a report on Friday. Barclays upped their price objective on shares of Canada Goose from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday. Canaccord Genuity set a $102.00 price objective on shares of Canada Goose and gave the company a “buy” rating in a report on Thursday. Finally, Credit Suisse Group upped their price objective on shares of Canada Goose from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $74.70.

GOOS stock opened at $70.05 on Monday. The stock has a market cap of $7.64 billion, a P/E ratio of 107.77, a PEG ratio of 2.23 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.91 and a quick ratio of 1.73. Canada Goose has a 12 month low of $25.39 and a 12 month high of $72.27.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, November 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.16. The company had revenue of $230.30 million during the quarter, compared to analysts’ expectations of $197.99 million. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. As a group, research analysts expect that Canada Goose will post 1.01 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Canada Goose by 1,728.8% during the third 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 worth $23,737,000 after acquiring an additional 269,700 shares during the period. Banco de Sabadell S.A acquired a new position in Canada Goose during the third quarter worth $554,000. AQR Capital Management LLC acquired a new position in Canada Goose during the third quarter worth $2,295,000. Macquarie Group Ltd. raised its position in Canada Goose by 57.7% during the third quarter. Macquarie Group Ltd. now owns 1,202,906 shares of the company’s stock worth $77,636,000 after acquiring an additional 440,317 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Canada Goose during the third quarter worth $245,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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