Canada Goose (NYSE:GOOS) Price Target Lowered to $10.00 at Evercore ISI

Canada Goose (NYSE:GOOS) had its price objective cut by equities researchers at Evercore ISI from $13.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 0.35% from the company’s current price.

Several other research analysts have also issued reports on GOOS. UBS Group cut their target price on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Barclays reduced their price objective on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.60.

Canada Goose Trading Up 3.8 %

GOOS stock traded up $0.37 during trading on Monday, hitting $9.97. The company had a trading volume of 529,532 shares, compared to its average volume of 954,893. The stock has a market cap of $964.56 million, a PE ratio of 19.18, a PEG ratio of 0.60 and a beta of 1.31. Canada Goose has a one year low of $9.23 and a one year high of $14.75. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average of $10.18 and a 200-day moving average of $10.51.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 24.14%. Research analysts predict that Canada Goose will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Several hedge funds have recently added to or reduced their stakes in GOOS. The Manufacturers Life Insurance Company boosted its stake in Canada Goose by 42.9% in the third quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock worth $69,595,000 after buying an additional 1,667,750 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of Canada Goose by 1.2% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company’s stock valued at $12,223,000 after purchasing an additional 14,341 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Canada Goose by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after purchasing an additional 3,338 shares during the period. Raymond James Financial Inc. bought a new position in shares of Canada Goose during the fourth quarter valued at about $3,769,000. Finally, Raymond James & Associates lifted its stake in shares of Canada Goose by 55.1% in the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after acquiring an additional 118,291 shares during the last quarter. 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.