Canada Goose (NYSE:GOOS) Price Target Lowered to $38.00 at DA Davidson

Canada Goose (NYSE:GOOS) had its price objective decreased by DA Davidson from $42.00 to $38.00 in a research note released on Thursday, The Fly reports. DA Davidson currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Canada Goose from a buy rating to a hold rating in a report on Thursday, November 7th. Credit Suisse Group restated an outperform rating and set a $62.00 target price (down previously from $72.00) on shares of Canada Goose in a report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $54.27.

Canada Goose stock traded down $0.04 during mid-day trading on Thursday, hitting $35.67. The stock had a trading volume of 2,195,984 shares, compared to its average volume of 2,508,618. The stock has a 50-day simple moving average of $39.90 and a two-hundred day simple moving average of $41.62. The stock has a market capitalization of $3.91 billion, a PE ratio of 34.01, a P/E/G ratio of 1.28 and a beta of 3.13. Canada Goose has a 12 month low of $31.67 and a 12 month high of $71.58. The company has a current ratio of 2.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.32.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.22. The business had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $267.29 million. Canada Goose had a return on equity of 41.67% and a net margin of 15.66%. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. Sell-side analysts expect that Canada Goose will post 1.27 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Broad Peak Investment Holdings Ltd. acquired a new stake in shares of Canada Goose during the third quarter worth about $35,653,000. Cidel Asset Management Inc. acquired a new stake in shares of Canada Goose during the second quarter worth about $19,347,000. BlackRock Inc. raised its position in shares of Canada Goose by 50.7% during the second quarter. BlackRock Inc. now owns 1,466,426 shares of the company’s stock worth $56,795,000 after purchasing an additional 493,507 shares during the period. Invesco Ltd. raised its position in Canada Goose by 1,096.9% in the 2nd quarter. Invesco Ltd. now owns 493,936 shares of the company’s stock valued at $19,129,000 after buying an additional 452,669 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in Canada Goose by 74.1% in the 2nd quarter. Stephens Investment Management Group LLC now owns 917,789 shares of the company’s stock valued at $35,546,000 after buying an additional 390,624 shares during the last quarter. 50.95% of the stock is currently owned by institutional investors.

About Canada Goose

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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