Canada Goose (NYSE:GOOS) Given New $10.00 Price Target at Barclays

Canada Goose (NYSE:GOOS) had its price objective lowered by Barclays from $11.00 to $10.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts have also recently issued research reports about the stock. UBS Group reduced their target price 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. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group cut their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Canada Goose currently has a consensus rating of “Hold” and an average target price of $10.60.

Canada Goose Stock Performance

Shares of GOOS stock opened at $9.85 on Monday. Canada Goose has a one year low of $9.23 and a one year high of $14.75. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The firm’s 50 day moving average price is $10.19 and its 200-day moving average price is $10.50. The firm has a market cap of $953.14 million, a P/E ratio of 18.94, a P/E/G ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (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, equities research analysts predict that Canada Goose will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

A number of large investors have recently bought and sold shares of GOOS. Cubist Systematic Strategies LLC acquired a new position in Canada Goose in the second quarter valued at $338,000. Raymond James & Associates raised its holdings in shares of Canada Goose by 55.1% in 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 period. GAM Holding AG grew its holdings in shares of Canada Goose by 60.0% during the 3rd quarter. GAM Holding AG now owns 40,000 shares of the company’s stock worth $501,000 after purchasing an additional 15,000 shares during the period. Pinnacle Associates Ltd. increased its position in Canada Goose by 0.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after purchasing an additional 3,338 shares in the last quarter. Finally, Olympiad Research LP acquired a new position in Canada Goose during the third quarter valued at approximately $175,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.