Canada Goose (NYSE:GOOS) Receives "Sell" Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their sell rating on shares of Canada Goose (NYSE:GOOS - Free Report) in a research report released on Monday morning, MarketBeat.com reports. The Goldman Sachs Group currently has a $9.00 price objective on the stock, down from their previous price objective of $11.50.

Several other equities analysts have also commented on GOOS. Wedbush began coverage on Canada Goose in a research note on Friday, July 19th. They issued an "outperform" rating on the stock. Raymond James cut Canada Goose from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 23rd. Barclays dropped their price target on shares of Canada Goose from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Friday, August 2nd. UBS Group reduced their price objective on shares of Canada Goose from $14.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. 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 analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Canada Goose currently has an average rating of "Hold" and a consensus target price of $12.00.

Canada Goose Stock Down 6.9 %

Shares of Canada Goose stock traded down $0.78 during trading hours on Monday, reaching $10.47. 1,602,181 shares of the company were exchanged, compared to its average volume of 922,192. The firm has a market cap of $1.01 billion, a PE ratio of 28.30, a PEG ratio of 0.64 and a beta of 1.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. Canada Goose has a 1 year low of $9.80 and a 1 year high of $14.75. The stock's fifty day moving average is $11.21 and its 200 day moving average is $11.89.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.60) by $0.02. The company had revenue of $64.39 million for the quarter, compared to analyst estimates of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. As a group, equities research analysts forecast that Canada Goose will post 0.84 earnings per share for the current year.

Institutional Trading of Canada Goose

A number of large investors have recently bought and sold shares of GOOS. Raymond James & Associates lifted its holdings in shares of 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 purchasing an additional 118,291 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Canada Goose during the 2nd quarter worth approximately $338,000. Point72 Asset Management L.P. acquired a new stake in shares of Canada Goose in the 2nd quarter valued at approximately $839,000. Armistice Capital LLC purchased a new stake in shares of Canada Goose in the second quarter valued at approximately $4,332,000. Finally, Marshall Wace LLP grew its holdings 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. Institutional investors and hedge funds own 83.64% of the company's stock.

About Canada Goose

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.