Canada Goose (NYSE:GOOS) Given New $12.00 Price Target at UBS Group

Canada Goose (NYSE:GOOS) had its target price trimmed by UBS Group from $13.00 to $12.00 in a report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also weighed in on GOOS. The Goldman Sachs Group reiterated a “sell” rating and issued a $9.00 price target (down from $11.50) on shares of Canada Goose in a research report on Monday, October 21st. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Barclays decreased their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Finally, Wedbush assumed coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating for the company. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.80.

Canada Goose Price Performance

NYSE GOOS opened at $10.22 on Tuesday. The business’s fifty day moving average is $11.18 and its 200 day moving average is $11.85. Canada Goose has a fifty-two week low of $9.80 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. The company has a market capitalization of $986.24 million, a PE ratio of 27.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.02. The firm 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%. Sell-side analysts predict that Canada Goose will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after buying an additional 2,002 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Canada Goose during the 1st quarter worth approximately $210,000. BNP Paribas Financial Markets boosted its position in shares of Canada Goose by 2,048.6% during the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after acquiring an additional 19,953 shares during the last quarter. GAM Holding AG grew its holdings in shares of Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after purchasing an additional 8,430 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Canada Goose in the second quarter worth $338,000. Hedge funds and other institutional investors 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.