Canada Goose (NYSE:GOOS) Price Target Raised to $11.00

Canada Goose (NYSE:GOOS) had its price target boosted by Barclays from $8.00 to $11.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms have also issued reports on GOOS. The Goldman Sachs Group upped their target price on Canada Goose from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Thursday. UBS Group reissued a “neutral” rating and set a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a research note on Thursday. Wells Fargo & Company raised Canada Goose from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 30th. Cowen reissued a “hold” rating on shares of Canada Goose in a research note on Thursday. Finally, Evercore ISI set a $11.00 price target on Canada Goose and gave the stock an “in-line” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $11.80 on Friday. The business’s 50 day simple moving average is $8.42 and its 200-day simple moving average is $9.42. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75.

Canada Goose (NYSE:GOOS) last posted its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.17. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The firm had revenue of $266.83 million for the quarter, compared to analyst estimates of $355.76 million. During the same quarter in the prior year, the company earned $0.14 EPS. Canada Goose’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Canada Goose will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. DGS Capital Management LLC boosted its position in Canada Goose by 75.0% in the 4th quarter. DGS Capital Management LLC now owns 18,348 shares of the company’s stock valued at $184,000 after buying an additional 7,863 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Canada Goose in the 4th quarter valued at about $748,000. Olympiad Research LP boosted its position in Canada Goose by 18.2% in the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after buying an additional 2,549 shares during the last quarter. NINE MASTS CAPITAL Ltd boosted its position in Canada Goose by 63.2% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 21,172 shares of the company’s stock valued at $212,000 after buying an additional 8,200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after buying an additional 4,213 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other 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.