UBS Group Cuts Canada Goose (NYSE:GOOS) Price Target to $12.00

Canada Goose (NYSE:GOOS) had its price objective cut by stock analysts at UBS Group from $13.00 to $12.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 16.96% from the company’s current price.

Several other analysts also recently issued reports on GOOS. Raymond James downgraded Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Barclays dropped their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company cut Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Wedbush started coverage on Canada Goose in a research note on Friday, July 19th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $9.00 price target (down previously from $11.50) on shares of Canada Goose in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Canada Goose currently has an average rating of “Hold” and a consensus target price of $11.80.

Canada Goose Price Performance

Canada Goose stock traded down $0.19 during midday trading on Tuesday, hitting $10.26. The company’s stock had a trading volume of 234,394 shares, compared to its average volume of 918,832. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average price is $11.21 and its 200-day moving average price is $11.89. Canada Goose has a 12 month low of $9.80 and a 12 month high of $14.75. The company has a market capitalization of $990.58 million, a PE ratio of 27.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.02. The firm had revenue of $64.39 million for the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. Analysts anticipate that Canada Goose will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after purchasing an additional 2,002 shares during the period. Silvercrest Asset Management Group LLC boosted its position in Canada Goose by 0.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock worth $7,297,000 after purchasing an additional 2,752 shares during the period. Strategic Wealth Partners Ltd. boosted its position in Canada Goose by 10.0% during the first quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock worth $858,000 after purchasing an additional 6,442 shares during the period. GAM Holding AG boosted its position in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after purchasing an additional 8,430 shares during the period. Finally, American Century Companies Inc. boosted its position in Canada Goose by 94.3% during the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after purchasing an additional 13,300 shares during the period. Institutional investors 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.