Canada Goose's (GOOS) "Underweight" Rating Reaffirmed at Barclays

Canada Goose (NYSE:GOOS - Get Free Report)'s stock had its "underweight" rating restated by Barclays in a report released on Monday, MarketBeat reports. They currently have a $8.00 target price on the stock, down from their prior target price of $10.00. Barclays's price objective points to a potential upside of 7.40% from the stock's current price.

A number of other analysts also recently commented on GOOS. Evercore ISI dropped their price objective on Canada Goose from $13.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Canada Goose presently has a consensus rating of "Hold" and an average price target of $10.20.

Canada Goose Price Performance

Shares of NYSE GOOS traded up $0.03 during trading on Monday, hitting $7.45. 673,466 shares of the company were exchanged, compared to its average volume of 830,559. The firm's fifty day moving average price is $9.66 and its 200 day moving average price is $10.08. The company has a market cap of $721.11 million, a price-to-earnings ratio of 14.30, a PEG ratio of 1.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. Canada Goose has a 1 year low of $7.01 and a 1 year high of $14.75.

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Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. On average, sell-side analysts expect that Canada Goose will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Canada Goose in the 4th quarter worth about $12,251,000. Penn Capital Management Company LLC bought a new position in shares of Canada Goose in the fourth quarter valued at $5,702,000. Portolan Capital Management LLC acquired a new position in shares of Canada Goose in the 4th quarter valued at $4,403,000. Raymond James Financial Inc. purchased a new stake in shares of Canada Goose in the 4th quarter valued at approximately $3,769,000. Finally, Pier Capital LLC boosted its position in shares of Canada Goose by 118.0% in the fourth quarter. Pier Capital LLC now owns 357,849 shares of the company's stock worth $3,589,000 after buying an additional 193,708 shares during the period. Institutional investors and hedge funds 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.