The Goldman Sachs Group Lowers Canada Goose (NYSE:GOOS) Price Target to $8.00

Canada Goose (NYSE:GOOS) had its price objective dropped by equities researchers at The Goldman Sachs Group from $9.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 19.40% from the company’s previous close.

Several other analysts also recently commented on the company. UBS Group cut their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Canada Goose presently has an average rating of “Hold” and a consensus target price of $11.60.

Canada Goose Stock Performance

Shares of GOOS opened at $9.93 on Tuesday. The business’s fifty day simple moving average is $10.26 and its two-hundred day simple moving average is $11.40. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. Canada Goose has a 12 month low of $9.23 and a 12 month high of $14.75. The company has a market cap of $960.64 million, a price-to-earnings ratio of 26.82, a P/E/G ratio of 0.58 and a beta of 1.34.

Hedge Funds Weigh In On Canada Goose

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after acquiring an additional 2,087 shares during the period. Olympiad Research LP bought a new stake in shares of Canada Goose in the third quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Canada Goose by 17.1% in 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Canada Goose in the third quarter worth about $189,000. Finally, MML Investors Services LLC bought a new stake in shares of Canada Goose in the third quarter worth about $200,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.