Canada Goose (NYSE:GOOS) Price Target Cut to $72.00 by Analysts at Credit Suisse Group

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Canada Goose (NYSE:GOOS) had its price objective cut by Credit Suisse Group from $76.00 to $72.00 in a research report sent to investors on Thursday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.

GOOS has been the topic of several other research reports. Wells Fargo & Co restated a hold rating on shares of Canada Goose in a research report on Thursday, May 30th. Zacks Investment Research upgraded shares of Canada Goose from a hold rating to a buy rating and set a $51.00 price target on the stock in a research report on Wednesday, July 31st. HSBC started coverage on shares of Canada Goose in a research report on Monday, May 20th. They issued a buy rating and a $48.32 price target on the stock. Bank of America lowered shares of Canada Goose from a buy rating to a neutral rating and set a $33.50 price target on the stock. in a research report on Thursday, May 30th. Finally, DA Davidson lifted their price target on shares of Canada Goose from $42.00 to $48.00 and gave the stock a buy rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Canada Goose presently has an average rating of Buy and an average target price of $64.48.

Canada Goose stock opened at $37.71 on Thursday. Canada Goose has a fifty-two week low of $31.67 and a fifty-two week high of $72.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.07 and a current ratio of 3.38. The company has a market capitalization of $4.18 billion, a P/E ratio of 36.97, a PEG ratio of 1.05 and a beta of 3.03. The stock has a 50-day simple moving average of $42.77 and a 200-day simple moving average of $46.81.

Canada Goose (NYSE:GOOS) last posted its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. Canada Goose had a return on equity of 41.47% and a net margin of 15.60%. The business had revenue of $71.10 million during the quarter, compared to the consensus estimate of $54.38 million. During the same period in the previous year, the business earned ($0.16) EPS. The business’s quarterly revenue was up 59.1% on a year-over-year basis. As a group, analysts forecast that Canada Goose will post 1.26 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Kistler Tiffany Companies LLC bought a new position in Canada Goose during the second quarter worth about $29,000. Optimum Investment Advisors purchased a new stake in Canada Goose during the 1st quarter worth about $33,000. Bremer Bank National Association purchased a new stake in Canada Goose during the 1st quarter worth about $46,000. Rehmann Capital Advisory Group lifted its holdings 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 buying an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Canada Goose during the 2nd quarter worth about $52,000. 51.34% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Canada Goose (NYSE:GOOS)

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