Canada Goose (NYSE:GOOS) PT Lowered to $12.00

Canada Goose (NYSE:GOOS) had its target price decreased by Barclays from $13.00 to $12.00 in a research note published on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages also recently issued reports on GOOS. The Goldman Sachs Group raised their price target on Canada Goose from $11.00 to $12.50 and gave the stock a neutral rating in a report on Friday, May 17th. Evercore raised their target price on Canada Goose from $12.00 to $13.00 and gave the company an in-line rating in a research note on Friday, May 17th. Evercore ISI boosted their price target on shares of Canada Goose from $12.00 to $13.00 and gave the company an in-line rating in a report on Friday, May 17th. Raymond James cut shares of Canada Goose from an outperform rating to a market perform rating in a report on Tuesday, July 23rd. Finally, Wedbush started coverage on shares of Canada Goose in a research note on Friday, July 19th. They set an outperform rating for the company. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $14.07.

Canada Goose Stock Performance

Shares of NYSE:GOOS traded up $0.23 on Friday, reaching $10.63. 335,092 shares of the company’s stock were exchanged, compared to its average volume of 995,549. The business’s 50-day moving average is $12.77 and its two-hundred day moving average is $12.43. The company has a quick ratio of 0.95, a current ratio of 2.39 and a debt-to-equity ratio of 0.92. Canada Goose has a fifty-two week low of $9.80 and a fifty-two week high of $17.30. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 0.66 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. Canada Goose had a net margin of 4.66% and a return on equity of 24.94%. The business had revenue of $265.56 million during the quarter, compared to the consensus estimate of $232.36 million. As a group, equities research analysts forecast that Canada Goose will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors have recently added to or reduced their stakes in the company. Patient Capital Management LLC lifted its holdings in shares of Canada Goose by 16.0% in the fourth quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock valued at $45,537,000 after buying an additional 529,177 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Canada Goose by 6.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,543,561 shares of the company’s stock worth $41,991,000 after purchasing an additional 201,325 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Canada Goose by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company’s stock worth $25,363,000 after purchasing an additional 21,967 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Canada Goose by 1.2% during the first quarter. Pinnacle Associates Ltd. now owns 609,408 shares of the company’s stock valued at $7,349,000 after purchasing an additional 7,067 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its holdings 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 buying an additional 2,752 shares in 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.