Wells Fargo Reaffirms Their Buy Rating on Canada Goose Holdings (GOOS)
Wells Fargo analyst Ike Boruchow maintained a Buy rating on Canada Goose Holdings today and set a price target of $22.00.
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Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Amer Sports, Inc., Tapestry, and Bath & Body Works. According to TipRanks, Boruchow has an average return of 5.4% and a 50.30% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Canada Goose Holdings with a $13.62 average price target.
Based on Canada Goose Holdings’ latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of C$272.6 million and a GAAP net loss of C$15.2 million. In comparison, last year the company earned a revenue of C$267.8 million and had a net profit of C$5.4 million
Based on the recent corporate insider activity of 55 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.
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