Cowen Trims Canada Goose (NYSE: GOOS) Target Price at $30.00

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Canada Goose (NYSE: GOOSGet a rating) saw its target price reduced by Cowen analysts from $37.00 to $30.00 in a research report released Friday to clients and investors, Fly reports. Cowen’s target price indicates a potential upside of 43.61% from the company’s current price.

Several other brokerages also commented on GOOS. Veritas Investment Research upgraded Canada Goose shares from a “reduce” rating to a “buy” rating in a Monday, February 14, report. OTR Global downgraded shares of Canada Goose from a “mixed” rating to a “negative” rating in a Friday, April 22 report. Zacks Investment Research upgraded Canada Goose shares from a “sell” rating to a “hold” rating in a Tuesday, April 19 report. Robert W. Baird raised his price target on Canada Goose shares from $39.00 to $42.00 in a report released Friday. Finally, CIBC lowered its price target on Canada Goose shares from C$67.00 to C$45.00 in a Friday, February 11 report. One research analyst rated the stock with a sell rating, four issued a hold rating and six assigned the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.20.

NYSE: GOOS opened at $20.89 on Friday. The company has a debt ratio of 0.71, a current ratio of 2.36 and a quick ratio of 1.42. The company has a market capitalization of $2.23 billion, a price/earnings ratio of 26.78, a PEG ratio of 0.44 and a beta of 1.62. The company’s 50-day moving average is $23.39 and its two-hundred-day moving average is $31.52. Canada Goose has a 1-year low of $17.91 and a 1-year high of $53.64.

Canada Goose (NYSE: GOOSGet a rating) last released its results on Thursday, May 19. The company reported earnings per share of $0.04 for the quarter, beating the consensus estimate of $0.02 by $0.02. The company posted revenue of $223.10 million for the quarter, versus analyst estimates of $223.46 million. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. Canada Goose revenue increased 6.8% year over year. During the same period of the previous year, the company posted an EPS of $0.01. As a group, stock analysts expect Canada Goose to post earnings per share of 0.85 for the current fiscal year.

Several large investors have recently changed their positions in GOOS. Benjamin F. Edwards & Company Inc. increased its position in Canada Goose shares by 15.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the company valued at $89,000 after buying 329 additional shares in the last quarter. New England Inc.’s Retirement Planning Co bought a new stake in Canada Goose stock in Q4 valued at around $95,000. HM Payson & Co. increased its position in Canada Goose shares by 105.3% in the 1st quarter. HM Payson & Co. now owns 3,900 shares of the company valued at $103,000 after buying an additional 2,000 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in Canada Goose shares to 86.6% in Q1. Kistler Tiffany Companies LLC now owns 5,162 shares of the company valued at $136,000 after purchasing an additional 2,395 shares last quarter. Finally, ARK Investment Management LLC increased its holding in Canada Goose shares by 28.5% in the 1st quarter. ARK Investment Management LLC now owns 6,765 shares of the company valued at $178,000 after purchasing an additional 1,502 shares last quarter. 42.99% of the shares are currently held by institutional investors.

About the Canada Goose (Get a rating)

Canada Goose Holdings Inc designs, manufactures and sells luxury performance 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, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.

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