Canada Goose (NYSE:GOOS) Price Target Cut to $10.00 by Analysts at Barclays

Canada Goose (NYSE:GOOS) had its price target decreased by stock analysts at Barclays from $11.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 4.33% from the company’s previous close.

A number of other research firms also recently issued reports on GOOS. The Goldman Sachs Group cut their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. UBS Group cut their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.20.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $9.59 on Monday. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75. The stock’s 50 day moving average is $10.18 and its 200-day moving average is $10.51. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $927.73 million, a price-to-earnings ratio of 18.43, a PEG ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 24.14%. Sell-side analysts forecast that Canada Goose will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after acquiring an additional 2,087 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Canada Goose by 4,213.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after purchasing an additional 4,213 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Canada Goose in the 4th quarter worth about $103,000. DGS Capital Management LLC bought a new position in Canada Goose during the third quarter valued at about $131,000. Finally, Olympiad Research LP increased its holdings in Canada Goose by 18.2% during the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock worth $166,000 after buying an additional 2,549 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.