A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Canada Goose from a buy rating to a hold rating in a report on Saturday, June 1st. Goldman Sachs Group upgraded shares of Canada Goose from a neutral rating to a buy rating and dropped their price target for the stock from $65.00 to $47.00 in a research note on Friday, May 31st. Bank of America cut shares of Canada Goose from a buy rating to a neutral rating and set a $33.50 price target on the stock. in a research note on Thursday, May 30th. Finally, HSBC started coverage on shares of Canada Goose in a research note on Monday, May 20th. They issued a buy rating and a $48.32 price target on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $69.64.
Canada Goose stock traded down $1.03 during mid-day trading on Thursday, reaching $36.04. 1,015,168 shares of the company traded hands, compared to its average volume of 2,252,948. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.02 and a quick ratio of 1.07. The stock’s 50 day moving average price is $41.88. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.04 and a beta of 3.15. Canada Goose has a 52-week low of $31.67 and a 52-week high of $72.27.
A number of institutional investors have recently added to or reduced their stakes in GOOS. Vanguard Group Inc. boosted its position in shares of Canada Goose by 3,727.0% during the third quarter. Vanguard Group Inc. now owns 993,272 shares of the company’s stock worth $64,107,000 after purchasing an additional 967,318 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Canada Goose by 43.8% during the fourth quarter. IFP Advisors Inc now owns 719 shares of the company’s stock worth $30,000 after purchasing an additional 219 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Canada Goose during the fourth quarter worth $160,000. First Manhattan Co. boosted its position in shares of Canada Goose by 50.0% during the fourth quarter. First Manhattan Co. now owns 3,000 shares of the company’s stock worth $131,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Canada Goose during the fourth quarter worth $29,000. 51.12% of the stock is owned by 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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