Canada Goose To Open Three New Stores In North America

Marco Green
June 17, 2018

Among 4 analysts covering Canada Goose Holdings (GOOS), 4 have Buy rating, 0 Sell and 0 Hold.

Even Alibaba founder Jack Ma, wore a Canada Goose parka to keep warm in January during the 2018 World Economic Forum in Davos Switzerland. The stock has "Buy" rating by Goldman Sachs on Tuesday, April 11. Bank of New York Mellon Corp bought a new position in shares of Canada Goose in the fourth quarter worth about $376,000. Canada Goose now has an average rating of "Buy" and an average target price of C$45.10.

GOOS has been the subject of a number of other reports.

During its fiscal fourth quarter of the year, Canada Goose Holdings Inc reported operating income of $11.24 million. Finally, Robert W. Baird upgraded shares of Canada Goose from a neutral rating to an outperform rating and set a $31.00 target price for the company in a research note on Thursday, February 8th. Barclays PLC lifted its position in shares of Canada Goose by 469.4% in the first quarter. Canaccord Genuity reissued a buy rating and issued a C$27.00 price target on shares of Canada Goose Holdings in a report on Monday, April 10th. Renaissance Technologies LLC bought a new position in Canada Goose in the 4th quarter worth approximately $6,798,000.

Canada Goose (GOOS)'s stock Overweight rating was maintained by Barclays on Wednesday, 13 June.

Canada Goose stock closed up $18.02 at $78.01 on the Toronto Stock Exchange.

Reiss told investors and analysts during the conference call that the company's third manufacturing facility will open soon in Winnipeg, enabling Canada Goose to produce all of its down-filled jacket styles. The company has a market capitalization of $4.70 billion, a PE ratio of 138.94, a price-to-earnings-growth ratio of 2.47 and a beta of 2.60. Finally, Credit Suisse Group initiated coverage on Canada Goose in a report on Monday, March 12th.

USA Today reported that US -listed shares of Canada Goose soared 26.4 percent to 57 dollars and 97 cents in afternoon trading Friday after the company reported better-than-expected results for the fourth-quarter. The company has a quick ratio of 1.24, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. If the $48.39 PT is reached, the company will be worth $344.89M more.

Revenue from its direct-to-consumer segment jumped to C$95 million from C$36.5 million, while wholesale business doubled to nearly C$30 million in the quarter from a year earlier.

Other reports by Click Lancashire

Discuss This Article