Canada Goose (NYSE:GOOS) Price Target Cut to $8.00 by Analysts at The Goldman Sachs Group

Canada Goose (NYSE:GOOS - Free Report) had its price objective lowered by The Goldman Sachs Group from $9.00 to $8.00 in a research report released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

GOOS has been the topic of a number of other reports. UBS Group reduced their target price on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Wells Fargo & Company cut Canada Goose from an "equal weight" rating to an "underweight" rating in a research report on Monday, October 14th. Two 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.60.

Canada Goose Trading Up 0.9 %

Shares of NYSE:GOOS traded up $0.09 during trading on Tuesday, reaching $10.01. The company's stock had a trading volume of 943,469 shares, compared to its average volume of 936,883. Canada Goose has a 12 month low of $9.23 and a 12 month high of $14.75. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The firm's 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $11.40. The stock has a market capitalization of $968.38 million, a PE ratio of 26.78, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GOOS. BNP Paribas Financial Markets grew its stake in shares of Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock worth $40,000 after acquiring an additional 2,087 shares during the last quarter. DGS Capital Management LLC purchased a new stake in Canada Goose in the 3rd quarter worth approximately $131,000. Olympiad Research LP acquired a new position in shares of Canada Goose in the third quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Canada Goose by 17.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company's stock valued at $177,000 after acquiring an additional 2,002 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Canada Goose in the 3rd quarter worth about $189,000. 83.64% of the stock is owned by institutional investors and hedge funds.

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.