Evercore ISI Issues Pessimistic Forecast for Canada Goose (NYSE:GOOS) Stock Price

Canada Goose (NYSE:GOOS - Free Report) had its price objective reduced by Evercore ISI from $13.00 to $10.00 in a research report sent to investors on Monday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities analysts also recently issued research reports about the stock. Barclays lowered their target price on shares of Canada Goose from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday. Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a research note on Monday, October 14th. The Goldman Sachs Group decreased their price objective on Canada Goose from $9.00 to $8.00 and set a "sell" rating for the company in a report on Tuesday, December 10th. Finally, UBS Group cut their target price on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.60.

Canada Goose Price Performance

Shares of NYSE:GOOS traded down $0.20 during trading on Monday, reaching $9.73. The stock had a trading volume of 68,268 shares, compared to its average volume of 949,247. The business has a fifty day moving average price of $10.19 and a 200-day moving average price of $10.49. Canada Goose has a 1-year low of $9.23 and a 1-year high of $14.75. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The stock has a market cap of $942.06 million, a PE ratio of 18.72, a PEG ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting 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, equities analysts forecast that Canada Goose will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its holdings in Canada Goose by 55.1% in the third 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 last quarter. DRW Securities LLC purchased a new stake in shares of Canada Goose during the 3rd quarter valued at $730,000. Verition Fund Management LLC acquired a new stake in shares of Canada Goose during the 3rd quarter worth $708,000. Pier Capital LLC purchased a new position in shares of Canada Goose in the 3rd quarter worth $2,057,000. Finally, BNP Paribas Financial Markets boosted its holdings in Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock valued at $40,000 after acquiring an additional 2,087 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.