Canada Goose (NYSE:GOOS) Price Target Lowered to $10.00 at Barclays

Canada Goose (NYSE:GOOS) had its target price cut by Barclays from $11.00 to $10.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 0.76% from the company’s previous close.

GOOS has been the topic of several other research reports. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. UBS Group cut their price objective on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.60.

Canada Goose Trading Up 0.8 %

NYSE GOOS opened at $9.93 on Monday. Canada Goose has a 52 week low of $9.23 and a 52 week high of $14.75. The firm has a 50 day moving average of $10.19 and a two-hundred day moving average of $10.49. 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 stock has a market capitalization of $960.64 million, a PE ratio of 19.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 24.14%. As a group, research analysts expect that Canada Goose will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Canada Goose in the 2nd quarter valued at $338,000. Raymond James & Associates grew its position in Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after purchasing an additional 118,291 shares during the last quarter. GAM Holding AG increased its stake in Canada Goose by 60.0% in the third quarter. GAM Holding AG now owns 40,000 shares of the company’s stock valued at $501,000 after purchasing an additional 15,000 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock valued at $7,138,000 after buying an additional 3,338 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in shares of Canada Goose during the third quarter worth about $175,000. 83.64% of the stock is owned by institutional investors and hedge funds.

About Canada Goose

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.