Canada Goose Holdings Inc (GOOS) Receives Average Rating of “Buy” from Brokerages

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Canada Goose Holdings Inc (NYSE:GOOS) has been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $74.48.

Several research analysts have recently issued reports on GOOS shares. Zacks Investment Research raised Canada Goose from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, April 17th. HSBC started coverage on Canada Goose in a research note on Monday, May 20th. They issued a “buy” rating and a $48.32 price objective for the company.

NYSE GOOS traded up $0.96 during trading on Monday, hitting $47.89. 1,487,629 shares of the company’s stock were exchanged, compared to its average volume of 1,003,726. The company has a current ratio of 2.58, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 73.68, a PEG ratio of 1.21 and a beta of 2.69. Canada Goose has a fifty-two week low of $39.15 and a fifty-two week high of $72.27.

Several institutional investors have recently added to or reduced their stakes in GOOS. Advisors Asset Management Inc. acquired a new position in shares of Canada Goose in the fourth quarter valued at approximately $29,000. IFP Advisors Inc increased its position in Canada Goose by 43.8% during the 4th quarter. IFP Advisors Inc now owns 719 shares of the company’s stock valued at $30,000 after purchasing an additional 219 shares during the period. Optimum Investment Advisors acquired a new stake in Canada Goose during the 1st quarter valued at approximately $33,000. Bremer Bank National Association acquired a new stake in Canada Goose during the 1st quarter valued at approximately $46,000. Finally, Rehmann Capital Advisory Group increased its position in Canada Goose by 454.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after purchasing an additional 800 shares during the period. 51.23% 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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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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