Canada Goose (NYSE:GOOS) PT Lowered to $30.00 at Cowen

Canada Goose (NYSE:GOOSGet Rating) had its price objective trimmed by Cowen from $37.00 to $30.00 in a research note released on Friday, The Fly reports.

Several other brokerages have also recently issued reports on GOOS. Wells Fargo & Company decreased their price objective on Canada Goose from C$55.00 to C$45.00 in a report on Tuesday, April 5th. Robert W. Baird upped their price objective on Canada Goose from $39.00 to $42.00 in a report on Friday. Veritas Investment Research raised Canada Goose from a reduce rating to a buy rating in a report on Monday, February 14th. CIBC decreased their price objective on Canada Goose from C$67.00 to C$45.00 in a report on Friday, February 11th. Finally, Credit Suisse Group decreased their price objective on Canada Goose from C$60.00 to C$48.00 in a report on Friday, February 11th. 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 stock. Based on data from MarketBeat.com, Canada Goose has a consensus rating of Buy and a consensus price target of $37.55.

GOOS stock opened at $19.58 on Friday. Canada Goose has a 1-year low of $17.91 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 1.42. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 0.48 and a beta of 1.62. The business has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $30.94.

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

A number of hedge funds have recently added to or reduced their stakes in GOOS. The Manufacturers Life Insurance Company increased its stake in Canada Goose by 203.0% in the first quarter. The Manufacturers Life Insurance Company now owns 3,179,953 shares of the company’s stock worth $83,715,000 after purchasing an additional 2,130,452 shares during the period. Marshall Wace LLP increased its stake in Canada Goose by 19,764.4% in the fourth quarter. Marshall Wace LLP now owns 1,211,731 shares of the company’s stock worth $44,910,000 after purchasing an additional 1,205,631 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Canada Goose by 871.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,204,884 shares of the company’s stock worth $43,018,000 after purchasing an additional 1,080,884 shares during the period. Wasatch Advisors Inc. purchased a new stake in Canada Goose in the first quarter worth $25,797,000. Finally, Goldman Sachs Group Inc. increased its stake in Canada Goose by 794.2% in the first quarter. Goldman Sachs Group Inc. now owns 819,179 shares of the company’s stock worth $21,569,000 after purchasing an additional 727,566 shares during the period. 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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