Barclays Cuts Canada Goose (NYSE:GOOS) Price Target to $10.00

Canada Goose (NYSE:GOOS) had its target price trimmed by Barclays from $11.00 to $10.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. UBS Group dropped their price objective on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Canada Goose presently has a consensus rating of “Hold” and an average target price of $10.60.

Canada Goose Price Performance

Canada Goose stock opened at $9.93 on Monday. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75. The stock has a 50 day moving average of $10.20 and a two-hundred day moving average of $10.48. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $961.12 million, a price-to-earnings ratio of 19.10, a PEG ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, meeting the consensus estimate of $1.10. Canada Goose had a return on equity of 24.14% and a net margin of 5.47%. As a group, research analysts expect that Canada Goose will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after buying an additional 2,087 shares in the last quarter. Olympiad Research LP increased its position in Canada Goose by 18.2% during the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock worth $166,000 after buying an additional 2,549 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Canada Goose by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after buying an additional 3,338 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Canada Goose by 4,213.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock worth $43,000 after buying an additional 4,213 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in Canada Goose by 28.3% during the third quarter. Toronto Dominion Bank now owns 31,430 shares of the company’s stock worth $394,000 after buying an additional 6,930 shares in the last quarter. 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.