Canada Goose (NYSE:GOOS) Price Target Lowered to $11.00 at Barclays

Canada Goose (NYSE:GOOS) had its price objective lowered by equities research analysts at Barclays from $13.00 to $11.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 15.86% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Cowen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, October 8th. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. UBS Group lifted their price target on Canada Goose from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Robert W. Baird set a $28.00 price target on shares of Canada Goose in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.00.

Canada Goose Price Performance

Canada Goose stock traded up $0.48 during midday trading on Monday, reaching $13.07. 1,243,450 shares of the stock traded hands, compared to its average volume of 1,116,783. The stock has a market cap of $1.27 billion, a P/E ratio of 72.72 and a beta of 1.64. Canada Goose has a 12 month low of $6.73 and a 12 month high of $15.43. The stock’s fifty day moving average is $13.67 and its 200-day moving average is $12.21. The company has a quick ratio of 0.82, a current ratio of 1.89 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $195.63 million for the quarter, compared to analysts’ expectations of $274.05 million. Canada Goose had a net margin of 1.96% and a return on equity of 15.35%. Canada Goose’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. As a group, equities research analysts anticipate that Canada Goose will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

Institutional investors and hedge funds have recently modified their holdings of the business. MQS Management LLC purchased a new position in Canada Goose during the first quarter worth approximately $86,000. Plato Investment Management Ltd acquired a new position in shares of Canada Goose during the 3rd quarter worth approximately $88,000. Ameriprise Financial Inc. purchased a new position in shares of Canada Goose during the 2nd quarter valued at approximately $139,000. Vanguard Personalized Indexing Management LLC purchased a new position in Canada Goose during the second quarter valued at $151,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Canada Goose in the second quarter valued at about $158,000. 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.