Canada Goose (NYSE:GOOS) Price Target Lowered to $13.00 at Barclays

Key Points

• Barclays has lowered the price target for Canada Goose (NYSE:GOOS) from $14.00 to $13.00, maintaining an "equal weight" rating on the stock, which suggests a potential upside of 17.28% from the current price.
• Despite the price target reduction, other analysts have varied views; for instance, Wall Street Zen upgraded the stock to "buy" and UBS increased its target price from $8.00 to $11.00 while maintaining a "neutral" rating.
• As of the latest earnings report, Canada Goose reported $0.33 earnings per share, beating estimates, with revenue for the quarter at $266.83 million, although this fell short of expectations.

Canada Goose (NYSE:GOOS - Get Free Report) had its price objective reduced by research analysts at Barclays from $14.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price indicates a potential upside of 17.28% from the company's current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Canada Goose from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. UBS Group reaffirmed a "neutral" rating and issued a $11.00 target price (up previously from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. Wells Fargo & Company raised shares of Canada Goose from an "equal weight" rating to an "overweight" rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a report on Thursday, May 22nd. Finally, Evercore ISI set a $11.00 target price on shares of Canada Goose and gave the company an "in-line" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.00.

Canada Goose Trading Down 13.1%

NYSE GOOS opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.50 and a current ratio of 2.66. The firm has a market cap of $1.07 billion, a PE ratio of 16.28, a P/E/G ratio of 0.84 and a beta of 1.42. Canada Goose has a one year low of $6.73 and a one year high of $15.43. The firm's fifty day moving average is $12.38 and its two-hundred day moving average is $10.30.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.17. The business had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a net margin of 7.02% and a return on equity of 23.33%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Analysts expect that Canada Goose will post 0.7 earnings per share for the current year.

Institutional Trading of Canada Goose

A number of institutional investors have recently added to or reduced their stakes in GOOS. LPL Financial LLC boosted its holdings in Canada Goose by 21.2% during the fourth quarter. LPL Financial LLC now owns 97,174 shares of the company's stock worth $975,000 after buying an additional 16,983 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Canada Goose during the fourth quarter worth about $12,251,000. Wells Fargo & Company MN boosted its holdings in Canada Goose by 4.5% during the fourth quarter. Wells Fargo & Company MN now owns 378,171 shares of the company's stock worth $3,793,000 after buying an additional 16,399 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Canada Goose by 16.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock worth $242,000 after acquiring an additional 3,410 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Canada Goose during the fourth quarter worth about $3,769,000. 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.

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