Canada Goose (NYSE:GOOS) PT Lowered to C$53.00 at Royal Bank of Canada

Canada Goose (NYSE:GOOS) had its target price lowered by Royal Bank of Canada from C$68.00 to C$53.00 in a report issued on Friday, The Fly reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Barclays lowered Canada Goose from an overweight rating to an equal weight rating and set a $37.00 price target on the stock. in a research note on Monday, February 1st. Zacks Investment Research lowered Canada Goose from a buy rating to a hold rating in a research note on Monday, April 26th. TheStreet raised Canada Goose from a c+ rating to a b- rating in a research note on Tuesday, March 9th. Credit Suisse Group upped their target price on Canada Goose from $52.00 to $64.00 and gave the company an outperform rating in a research note on Friday, February 5th. Finally, The Goldman Sachs Group raised Canada Goose from a sell rating to a neutral rating and upped their target price for the company from $26.00 to $39.00 in a research note on Friday, February 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Canada Goose has an average rating of Hold and a consensus price target of $43.42.

Shares of GOOS stock opened at $38.20 on Friday. The stock has a market capitalization of $4.21 billion, a PE ratio of 68.22, a price-to-earnings-growth ratio of 7.55 and a beta of 1.73. Canada Goose has a 52-week low of $18.52 and a 52-week high of $50.05. The stock’s 50-day moving average price is $41.42 and its 200 day moving average price is $37.59. The company has a quick ratio of 1.28, a current ratio of 2.95 and a debt-to-equity ratio of 0.76.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.13. Canada Goose had a return on equity of 16.50% and a net margin of 10.27%. The company had revenue of $208.80 million for the quarter, compared to analysts’ expectations of $165.67 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The firm’s quarterly revenue was up 48.2% on a year-over-year basis. Analysts expect that Canada Goose will post 0.51 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. E Fund Management Co. Ltd. acquired a new stake in Canada Goose in the first quarter valued at $31,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Canada Goose during the fourth quarter worth $47,000. Contravisory Investment Management Inc. acquired a new stake in shares of Canada Goose during the first quarter worth $77,000. JPMorgan Chase & Co. raised its holdings in shares of Canada Goose by 101.9% during the first quarter. JPMorgan Chase & Co. now owns 2,634 shares of the company’s stock worth $103,000 after purchasing an additional 138,909 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Canada Goose during the first quarter worth $225,000. 47.26% of the stock is currently owned by institutional investors and hedge funds.

About Canada Goose

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. The company operates through three segments, Direct-to-Consumer, Wholesale, and Other. It offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

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