Evercore ISI Forecasts Strong Price Appreciation for Canada Goose (NYSE:GOOS) Stock

Canada Goose (NYSE:GOOS) had its target price upped by equities research analysts at Evercore ISI from $11.00 to $12.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential downside of 4.72% from the company’s current price.

GOOS has been the subject of several other research reports. Robert W. Baird set a $28.00 price objective on Canada Goose in a research report on Thursday, August 28th. Baird R W upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Cowen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Barclays decreased their price objective on shares of Canada Goose from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, TD Cowen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and increased their target price for the stock from $16.00 to $18.00 in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Canada Goose currently has an average rating of “Hold” and a consensus price target of $15.33.

Canada Goose Stock Performance

NYSE GOOS opened at $12.60 on Friday. The company has a 50-day simple moving average of $13.67 and a two-hundred day simple moving average of $12.18. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 69.97, a PEG ratio of 1.15 and a beta of 1.64. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $195.63 million during the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a net margin of 1.96% and a return on equity of 14.87%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. On average, equities analysts forecast that Canada Goose will post 0.7 EPS for the current year.

Institutional Trading of Canada Goose

Large investors have recently bought and sold shares of the company. MQS Management LLC bought a new position in shares of Canada Goose in the 1st quarter worth approximately $86,000. Plato Investment Management Ltd purchased a new stake in Canada Goose in the third quarter worth $88,000. Ameriprise Financial Inc. bought a new position in Canada Goose in the second quarter worth $139,000. Vanguard Personalized Indexing Management LLC purchased a new position in Canada Goose during the second quarter valued at $151,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Canada Goose during the 2nd quarter valued at $158,000. 83.64% of the stock is owned by institutional investors.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.