Barclays Cuts Canada Goose (NYSE:GOOS) Price Target to $13.00

Canada Goose (NYSE:GOOS) had its price target lowered by Barclays from $14.00 to $13.00 in a research report report published on Friday, Marketbeat reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts have also issued reports on GOOS. Cowen reaffirmed a “hold” rating on shares of Canada Goose in a research report on Thursday, May 22nd. Evercore ISI set a $11.00 price objective on shares of Canada Goose and gave the stock an “in-line” rating in a report on Thursday, May 22nd. Wells Fargo & Company upgraded shares of Canada Goose from an “equal weight” rating to an “overweight” rating in a research note on Friday. The Goldman Sachs Group increased their target price on shares of Canada Goose from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Thursday, May 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. One analyst has 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. According to data from MarketBeat, Canada Goose has a consensus rating of “Hold” and a consensus target price of $11.00.

Canada Goose Stock Up 2.9%

Canada Goose stock opened at $11.27 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 2.02. The stock has a market cap of $1.09 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The firm’s 50-day simple moving average is $12.37 and its 200 day simple moving average is $10.31.

Canada Goose (NYSE:GOOS) last announced its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.17. The firm had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Research analysts predict that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

A number of institutional investors have recently modified their holdings of the business. Deutsche Bank AG increased its position in shares of Canada Goose by 192.0% during the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after buying an additional 5,259 shares during the period. MQS Management LLC purchased a new position in Canada Goose during the first quarter valued at approximately $86,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Canada Goose in the 2nd quarter worth approximately $151,000. Occudo Quantitative Strategies LP bought a new position in Canada Goose in the 4th quarter valued at $145,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Canada Goose by 10.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock valued at $167,000 after purchasing an additional 1,578 shares during the period. 83.64% of the stock is currently 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.