Canada Goose (NYSE:GOOS) PT Lowered to C$37.00 at Credit Suisse Group

Canada Goose (NYSE:GOOSGet Rating) had its target price lowered by Credit Suisse Group from C$48.00 to C$37.00 in a research note issued to investors on Friday morning, The Fly reports.

GOOS has been the topic of several other research reports. Veritas Investment Research raised Canada Goose from a reduce rating to a buy rating in a research note on Monday, February 14th. Barclays decreased their price objective on Canada Goose from $38.00 to $32.00 in a research note on Friday, April 1st. TD Securities raised their price objective on Canada Goose from C$46.00 to C$49.00 in a research note on Thursday, April 21st. Wells Fargo & Company decreased their price objective on Canada Goose from C$45.00 to C$38.00 in a research note on Friday. Finally, Cowen decreased their price objective on Canada Goose from $37.00 to $30.00 and set an outperform rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Canada Goose has an average rating of Buy and a consensus price target of $37.55.

NYSE GOOS opened at $19.58 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.42 and a debt-to-equity ratio of 0.71. Canada Goose has a 12 month low of $17.91 and a 12 month high of $53.64. The stock has a market cap of $2.09 billion, a P/E ratio of 28.38, a P/E/G ratio of 0.48 and a beta of 1.62. The stock’s fifty day moving average price is $23.29 and its 200-day moving average price is $30.94.

Canada Goose (NYSE:GOOSGet Rating) last announced its earnings results on Thursday, May 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $223.46 million. Canada Goose had a return on equity of 24.35% and a net margin of 8.52%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. As a group, analysts forecast that Canada Goose will post 1.34 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Benjamin F. Edwards & Company Inc. grew its holdings in Canada Goose by 15.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the company’s stock valued at $89,000 after buying an additional 329 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Canada Goose during the 4th quarter valued at approximately $95,000. HM Payson & Co. grew its holdings in Canada Goose by 105.3% during the 1st quarter. HM Payson & Co. now owns 3,900 shares of the company’s stock valued at $103,000 after buying an additional 2,000 shares in the last quarter. Kistler Tiffany Companies LLC grew its holdings in Canada Goose by 86.6% during the 1st quarter. Kistler Tiffany Companies LLC now owns 5,162 shares of the company’s stock valued at $136,000 after buying an additional 2,395 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in Canada Goose by 28.5% during the 1st quarter. ARK Investment Management LLC now owns 6,765 shares of the company’s stock valued at $178,000 after buying an additional 1,502 shares in the last quarter. Institutional investors and hedge funds own 42.99% of the company’s stock.

About Canada Goose (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

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