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

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

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

Canada Goose Price Performance

GOOS stock opened at $9.93 on Monday. 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 company has a market capitalization of $961.12 million, a PE ratio of 19.10, a P/E/G ratio of 0.60 and a beta of 1.31. Canada Goose has a 12-month low of $9.23 and a 12-month high of $14.75. The business’s fifty day moving average price is $10.20 and its 200 day moving average price is $10.48.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share (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%. On average, sell-side analysts anticipate that Canada Goose will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GOOS. The Manufacturers Life Insurance Company increased its holdings in shares of Canada Goose by 42.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock valued at $69,595,000 after acquiring an additional 1,667,750 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Canada Goose in the 4th quarter valued at about $12,251,000. Raymond James Financial Inc. purchased a new position in shares of Canada Goose in the 4th quarter valued at about $3,769,000. Pier Capital LLC increased its holdings in shares of Canada Goose by 118.0% in the 4th quarter. Pier Capital LLC now owns 357,849 shares of the company’s stock valued at $3,589,000 after acquiring an additional 193,708 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Canada Goose by 55.1% in the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after purchasing an additional 118,291 shares during the period. 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.