Canada Goose (NYSE:GOOS) Earns “Underweight” Rating from Barclays

Canada Goose (NYSE:GOOS)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research note issued on Monday,Benzinga reports. They presently have a $8.00 price objective on the stock, down from their prior price objective of $10.00. Barclays‘s price objective suggests a potential downside of 2.82% from the company’s previous close.

Several other research firms also recently commented on GOOS. Evercore ISI cut their target price on Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group reduced their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.20.

Canada Goose Trading Down 1.9 %

Shares of GOOS stock opened at $8.23 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. The firm has a fifty day moving average of $9.86 and a 200-day moving average of $10.15. Canada Goose has a 52-week low of $7.74 and a 52-week high of $14.75. The stock has a market cap of $796.91 million, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.00 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. On average, equities research analysts forecast that Canada Goose will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock worth $167,000 after acquiring an additional 1,578 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of 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 purchasing an additional 2,087 shares in the last quarter. Olympiad Research LP grew its stake in shares of Canada Goose by 18.2% during the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after purchasing an additional 2,549 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Canada Goose by 16.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company’s stock valued at $242,000 after purchasing an additional 3,410 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised 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 worth $43,000 after purchasing an additional 4,213 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.