In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Canada Goose Holdings (GOOS), with a price target of C$45.00. The company’s shares closed last Tuesday at $23.51.
According to TipRanks.com, Poser is a 3-star analyst with an average return of 0.6% and a 51.2% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Wolverine World Wide, and Lululemon Athletica.
Currently, the analyst consensus on Canada Goose Holdings is a Moderate Buy with an average price target of $28.98, which is a 28.2% upside from current levels. In a report issued on August 6, RBC Capital also maintained a Buy rating on the stock with a C$47.00 price target.
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Based on Canada Goose Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $141 million and net profit of $2.5 million. In comparison, last year the company earned revenue of $156 million and had a net profit of $9 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOOS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Canada Goose Holdings, Inc. designs, manufactures, distributes and retails outerwear for men, women and children. It operates through the Wholesale and Direct to Consumer segments. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including department stores, outdoor specialty stores, individual shops, and to international distributors. The Direct to Consumer segment refers to the online sales through its e-commerce sites to customers in Austria, Belgium, Canada, China, France, Germany, Ireland, Luxembourg, the Netherlands, Sweden, the United Kingdom, and the United States and sales to customers from company-owned retail stores in Boston, Calgary, Chicago, London, New York City, and Toronto. The company was founded in 1957 and is headquartered in Toronto, Canada.
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