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

Canada Goose (NYSE:GOOS) had its target price lowered by The Goldman Sachs Group from $9.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a sell rating on the stock.

Several other research firms also recently weighed in on GOOS. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. UBS Group reduced their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.60.

Canada Goose Stock Performance

NYSE GOOS opened at $10.01 on Tuesday. The business’s 50-day moving average price is $10.22 and its 200 day moving average price is $11.37. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75. The company has a market capitalization of $968.38 million, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21.

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently modified their holdings of GOOS. BNP Paribas Financial Markets grew its stake in shares of Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after buying an additional 2,087 shares in the last quarter. DGS Capital Management LLC acquired a new stake in Canada Goose during the 3rd quarter valued at approximately $131,000. Olympiad Research LP acquired a new stake in Canada Goose during the 3rd quarter valued at approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 purchasing an additional 2,002 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Canada Goose during the 3rd quarter valued at approximately $189,000. 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.