Canada Goose (NYSE:GOOS) Rating Reiterated by The Goldman Sachs Group

Canada Goose (NYSE:GOOS)‘s stock had its “sell” rating reissued by research analysts at The Goldman Sachs Group in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $9.00 target price on the stock, down from their prior target price of $11.50. The Goldman Sachs Group’s price objective would suggest a potential downside of 11.89% from the stock’s current price.

Several other research firms have also issued reports on GOOS. Wedbush started coverage on Canada Goose in a research note on Friday, July 19th. They issued an “outperform” rating on the stock. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Barclays cut their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Finally, UBS Group cut their target price on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.80.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $10.22 on Monday. The firm has a market cap of $986.24 million, a P/E ratio of 27.73, a P/E/G ratio of 0.64 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. Canada Goose has a 12 month low of $9.80 and a 12 month high of $14.75. The stock’s fifty day moving average price is $11.21 and its 200-day moving average price is $11.88.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.02. The firm had revenue of $64.39 million for the quarter, compared to analyst estimates of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. On average, equities research analysts expect that Canada Goose will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Several institutional investors have recently added to or reduced their stakes in the business. GAM Holding AG boosted its holdings in Canada Goose by 60.0% in the third quarter. GAM Holding AG now owns 40,000 shares of the company’s stock worth $501,000 after acquiring an additional 15,000 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Canada Goose by 55.1% during the third 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 period. Cubist Systematic Strategies LLC acquired a new stake in shares of Canada Goose during the second quarter worth about $338,000. Point72 Asset Management L.P. acquired a new stake in shares of Canada Goose during the second quarter worth about $839,000. Finally, Armistice Capital LLC acquired a new stake in shares of Canada Goose during the second quarter worth about $4,332,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.