Canada Goose (NYSE:GOOS) had its price objective dropped by equities researchers at Credit Suisse Group from $76.00 to $72.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 88.43% from the stock’s current price.
A number of other research analysts have also issued reports on GOOS. Zacks Investment Research upgraded Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, July 31st. DA Davidson boosted their price objective on Canada Goose from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Co restated a “hold” rating on shares of Canada Goose in a research report on Thursday, May 30th. HSBC began coverage on Canada Goose in a research report on Monday, May 20th. They set a “buy” rating and a $48.32 price objective for the company. Finally, Bank of America lowered Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price objective for the company. in a research report on Thursday, May 30th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Canada Goose has an average rating of “Buy” and a consensus target price of $65.10.
Shares of GOOS opened at $38.21 on Thursday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.21 and a beta of 3.03. The stock has a 50 day moving average of $42.76 and a 200-day moving average of $46.85. The company has a current ratio of 3.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. Canada Goose has a 52 week low of $31.67 and a 52 week high of $72.27.
Canada Goose (NYSE:GOOS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.01. The company had revenue of $71.10 million during the quarter, compared to analyst estimates of $54.38 million. Canada Goose had a return on equity of 46.09% and a net margin of 17.24%. The business’s revenue was up 59.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.16) EPS. On average, sell-side analysts predict that Canada Goose will post 1.3 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC acquired a new position in Canada Goose during the 2nd quarter worth $29,000. Optimum Investment Advisors acquired a new position in Canada Goose during the 1st quarter worth $33,000. Bremer Bank National Association acquired a new position in Canada Goose during the 1st quarter worth $46,000. Rehmann Capital Advisory Group boosted its position in Canada Goose by 454.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $47,000 after acquiring an additional 800 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Canada Goose during the 2nd quarter worth $52,000. Institutional investors and hedge funds own 51.34% of the company’s stock.
Canada Goose Company Profile
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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