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

Canada Goose (NYSE:GOOS) had its target price decreased by UBS Group from $13.00 to $12.00 in a report released on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

GOOS has been the subject of several other reports. Wedbush assumed coverage on Canada Goose in a report on Friday, July 19th. They set an “outperform” rating for the company. Barclays reduced their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group reissued a “sell” rating and issued a $9.00 price objective (down from $11.50) on shares of Canada Goose in a research note on Monday. Finally, Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.80.

Canada Goose Trading Down 2.2 %

Shares of NYSE GOOS opened at $10.22 on Tuesday. Canada Goose has a one year low of $9.80 and a one year high of $14.75. The firm has a market capitalization of $986.24 million, a PE ratio of 27.73, a PEG ratio of 0.64 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $11.88.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.02. The business had revenue of $64.39 million during 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, analysts predict that Canada Goose will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GOOS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares during the period. Claro Advisors LLC bought a new position in Canada Goose in the 1st quarter worth approximately $210,000. BNP Paribas Financial Markets increased its position in Canada Goose by 2,048.6% in the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after buying an additional 19,953 shares during the period. GAM Holding AG increased its position in Canada Goose by 50.9% in the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after buying an additional 8,430 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Canada Goose in the 2nd quarter worth approximately $338,000. 83.64% of the stock is owned by institutional investors.

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.