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

Canada Goose (NYSE:GOOS) had its price target trimmed by Barclays from $13.00 to $12.00 in a report released on Friday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts have also commented on GOOS. Raymond James lowered shares of Canada Goose from an outperform rating to a market perform rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group upped their price target on Canada Goose from $11.00 to $12.50 and gave the stock a neutral rating in a report on Friday, May 17th. Wedbush assumed coverage on shares of Canada Goose in a research report on Friday, July 19th. They issued an outperform rating on the stock. Evercore ISI raised their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research note on Friday, May 17th. Finally, Evercore increased their target price on Canada Goose from $12.00 to $13.00 and gave the company an in-line rating in a report on Friday, May 17th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $14.07.

Canada Goose Stock Performance

Shares of GOOS traded down $0.31 during midday trading on Friday, reaching $10.43. 244,080 shares of the stock were exchanged, compared to its average volume of 997,624. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.39 and a quick ratio of 0.95. Canada Goose has a twelve month low of $9.80 and a twelve month high of $17.30. The business’s 50-day moving average price is $12.84 and its 200 day moving average price is $12.44.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The company had revenue of $265.56 million during the quarter, compared to analysts’ expectations of $232.36 million. Canada Goose had a return on equity of 24.94% and a net margin of 4.66%. On average, sell-side analysts expect that Canada Goose will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $177,000 after purchasing an additional 2,002 shares during the period. Silvercrest Asset Management Group LLC grew its position in Canada Goose by 0.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock valued at $7,297,000 after acquiring an additional 2,752 shares during the period. Strategic Wealth Partners Ltd. raised its holdings in shares of Canada Goose by 10.0% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock worth $858,000 after purchasing an additional 6,442 shares during the period. Smead Capital Management Inc. lifted its stake in shares of Canada Goose by 2.7% in the 4th quarter. Smead Capital Management Inc. now owns 243,404 shares of the company’s stock valued at $2,891,000 after purchasing an additional 6,492 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Canada Goose by 1.2% during the 1st quarter. Pinnacle Associates Ltd. now owns 609,408 shares of the company’s stock worth $7,349,000 after purchasing an additional 7,067 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.