Canada Goose (NYSE:GOOS) Price Target Lowered to $12.00 at UBS Group

Canada Goose (NYSE:GOOS) had its price target cut by UBS Group from $13.00 to $12.00 in a report released on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently commented on GOOS. The Goldman Sachs Group reaffirmed a “sell” rating and set a $9.00 price target (down from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Wedbush began coverage on Canada Goose in a research note on Friday, July 19th. They set an “outperform” rating for the company. Barclays cut their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Canada Goose presently has a consensus rating of “Hold” and a consensus target price of $11.80.

Canada Goose Price Performance

NYSE:GOOS opened at $10.22 on Tuesday. The firm has a market capitalization of $986.24 million, a price-to-earnings ratio of 27.61, a PEG ratio of 0.64 and a beta of 1.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63. The business has a 50 day simple moving average of $11.18 and a 200-day simple moving average of $11.85. Canada Goose has a 1 year low of $9.80 and a 1 year high of $14.75.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. Equities analysts forecast that Canada Goose will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP increased its position in Canada Goose by 8.1% during the 2nd quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock valued at $14,060,000 after purchasing an additional 81,090 shares during the period. Armistice Capital LLC bought a new position in shares of Canada Goose during the second quarter valued at approximately $4,332,000. Cubist Systematic Strategies LLC bought a new position in shares of Canada Goose during the second quarter valued at approximately $338,000. Point72 Asset Management L.P. purchased a new position in Canada Goose during the second quarter valued at approximately $839,000. Finally, Claro Advisors LLC bought a new position in Canada Goose in the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Company Profile

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.