Bank of America Securities Sticks to Their Sell Rating for Canada Goose Holdings (GOOS)

Bank of America Securities analyst Robert Ohmes reiterated a Sell rating on Canada Goose Holdings (GOOSResearch Report) yesterday and set a price target of $17.00. The company’s shares closed yesterday at $18.81.

Ohmes covers the Consumer Goods sector, focusing on stocks such as Costco, Harley-Davidson, and Dick’s Sporting Goods. According to TipRanks, Ohmes has an average return of 8.3% and a 56.50% success rate on recommended stocks.

Canada Goose Holdings has an analyst consensus of Hold, with a price target consensus of $20.94.

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GOOS market cap is currently $2.6B and has a P/E ratio of 30.39.

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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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