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

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

GOOS has been the subject of a number of other reports. The Goldman Sachs Group reiterated a “sell” rating and set a $9.00 target price (down from $11.50) on shares of Canada Goose in a report on Monday. Raymond James downgraded shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Barclays lowered their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Finally, Wedbush started coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.80.

Canada Goose Price Performance

Shares of GOOS stock opened at $10.20 on Tuesday. The company’s 50-day simple moving average is $11.19 and its two-hundred day simple moving average is $11.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63. Canada Goose has a one year low of $9.80 and a one year high of $14.75. The company has a market capitalization of $984.79 million, a P/E ratio of 27.57, a P/E/G ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $63.47 million. As a group, equities analysts anticipate that Canada Goose will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Claro Advisors LLC purchased a new position in shares of Canada Goose in the first quarter worth about $210,000. BNP Paribas Financial Markets lifted its stake in Canada Goose by 2,048.6% during the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after acquiring an additional 19,953 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Canada Goose by 253.4% in the 1st quarter. SG Americas Securities LLC now owns 36,927 shares of the company’s stock valued at $445,000 after acquiring an additional 26,477 shares during the last quarter. River Global Investors LLP increased its stake in shares of Canada Goose by 19.9% in the first quarter. River Global Investors LLP now owns 107,161 shares of the company’s stock worth $1,292,000 after acquiring an additional 17,752 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Canada Goose by 59.3% during the first quarter. Russell Investments Group Ltd. now owns 52,639 shares of the company’s stock worth $635,000 after purchasing an additional 19,586 shares during the last quarter. 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.