Canada Goose (NYSE:GOOS) PT Lowered to $12.00 at UBS Group

Canada Goose (NYSE:GOOS) had its price target reduced by UBS Group from $13.00 to $12.00 in a research note published on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

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

Canada Goose Price Performance

NYSE:GOOS opened at $10.20 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. Canada Goose has a 52 week low of $9.80 and a 52 week high of $14.75. The stock’s 50-day moving average price is $11.19 and its 200-day moving average price is $11.85. The stock has a market capitalization of $984.79 million, a PE ratio of 27.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, beating the consensus estimate 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 analysts expect that Canada Goose will post 0.84 EPS for the current fiscal year.

Institutional Trading of Canada Goose

Hedge funds and other institutional investors have recently modified their holdings of the stock. Armistice Capital LLC purchased a new position in Canada Goose during the second quarter worth about $4,332,000. Raymond James & Associates increased its holdings in shares of Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after buying an additional 118,291 shares during the last quarter. Marshall Wace LLP lifted its holdings in Canada Goose by 8.1% in the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock valued at $14,060,000 after acquiring an additional 81,090 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Canada Goose in the second quarter worth approximately $839,000. Finally, SG Americas Securities LLC increased its stake in Canada Goose by 253.4% during the first quarter. SG Americas Securities LLC now owns 36,927 shares of the company’s stock worth $445,000 after acquiring an additional 26,477 shares during the last quarter. 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.