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

Canada Goose (NYSE:GOOS - Get Free Report) had its price target lowered by research analysts at UBS Group from $13.00 to $12.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 17.47% from the stock's previous close.

A number of other equities analysts also recently weighed in on GOOS. Wedbush began coverage on shares of Canada Goose in a research note on Friday, July 19th. They issued an "outperform" rating on the stock. Barclays cut their price target on Canada Goose from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, August 2nd. Raymond James cut Canada Goose from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group reaffirmed a "sell" rating and set a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a research report on Monday. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a research report 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's stock. According to data from MarketBeat, Canada Goose currently has an average rating of "Hold" and an average price target of $11.80.

Canada Goose Trading Down 2.2 %

Canada Goose stock traded down $0.23 during midday trading on Tuesday, reaching $10.22. The stock had a trading volume of 760,077 shares, compared to its average volume of 921,407. The firm's fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $11.88. 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 twelve month low of $9.80 and a twelve month high of $14.75. The firm has a market cap of $986.24 million, a price-to-earnings ratio of 27.73, a PEG ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating analysts' consensus estimates of ($0.60) by $0.02. The business had revenue of $64.39 million for 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 anticipate that Canada Goose will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Armistice Capital LLC bought a new position in Canada Goose in the 2nd quarter worth approximately $4,332,000. Raymond James & Associates increased its position in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company's stock worth $4,173,000 after acquiring an additional 118,291 shares during the period. Marshall Wace LLP increased its position in Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company's stock worth $14,060,000 after acquiring an additional 81,090 shares during the period. Point72 Asset Management L.P. acquired a new position in Canada Goose during the 2nd quarter valued at $839,000. Finally, SG Americas Securities LLC boosted its holdings in 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 purchasing an additional 26,477 shares during the period. 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.