Canada Goose Continues Retail Expansion, Announces Three New Stores in North America

  • Canada Goose Continues Retail Expansion, Announces Three New Stores in North America

Canada Goose Continues Retail Expansion, Announces Three New Stores in North America

(NYSE:GOOS) reached all time high today, Jun, 14 and still has $48.39 target or 7.00% above today's $45.22 share price.

"Despite its 60-year history, we see Canada Goose as in the early stages of its growth trajectory, particularly in the fragmented and growing premium outerwear market". Finally, Franklin Resources Inc. lifted its holdings in shares of Canada Goose by 21.0% in the fourth quarter. Canada Goose now has a consensus rating of Buy and a consensus price target of $40.43. Elephas Investment Management Ltd bought a new position in Canada Goose in the 4th quarter worth approximately $17,208,000.

Canada Goose (NYSE:GOOS) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Thursday.

Canada Goose shares have risen 45 percent since the beginning of the year.

After announcing expansion plans in China in late May, Canada Goose Chairman, President, and CEO Dani Reiss told investors during a Friday conference call the company will manage new stores in Beijing and Hong Kong from a regional head office in Shanghai.

Canada Goose Holdings Inc (TSE:GOOS) shot up 25.7% during mid-day trading on Friday after Barclays raised their price target on the stock from C$50.00 to C$64.00.

GOOS has been the subject of several other research reports. HL Financial Services LLC bought a new position in Canada Goose during the fourth quarter worth $302,000. The stock rating was upgraded by Robert W. Baird to "Outperform" on Thursday, February 8. The stock has a market cap of $3.14 billion and a price-to-earnings ratio of 89.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.22 and a quick ratio of 1.24. On Wednesday, June 13 the stock of Canada Goose Holdings Inc. Sei Investments Co. now owns 16,639 shares of the company's stock worth $556,000 after buying an additional 3,040 shares during the last quarter. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $40.43. CSFB reaffirmed an "outperform" rating and set a C$52.00 target price on shares of Canada Goose in a research report on Tuesday, March 13th.

Canada Goose Holdings Inc. The Company operates through two segments: Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.