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 target lowered by Barclays from $14.00 to $13.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 14.44% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI set a $11.00 target price on shares of Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group upped their target price on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Thursday, May 22nd. Cowen reaffirmed a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a research report on Friday. Finally, Wall Street Zen upgraded Canada Goose from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Canada Goose presently has a consensus rating of "Hold" and a consensus price target of $11.00.

Canada Goose Stock Performance

Shares of NYSE GOOS traded down $0.06 during trading hours on Friday, reaching $11.36. The stock had a trading volume of 1,340,355 shares, compared to its average volume of 1,150,742. The business's fifty day moving average is $12.36 and its two-hundred day moving average is $10.32. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 0.75 and a beta of 1.45. Canada Goose has a twelve month low of $6.73 and a twelve month high of $15.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.02 and a quick ratio of 0.89.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The firm had revenue of $77.91 million for the quarter, compared to analyst estimates of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%. During the same quarter last year, the business earned $0.78 EPS. As a group, research analysts expect that Canada Goose will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC raised its position in shares of Canada Goose by 21.2% in the fourth quarter. LPL Financial LLC now owns 97,174 shares of the company's stock valued at $975,000 after purchasing an additional 16,983 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Canada Goose during the 4th quarter valued at about $12,251,000. Wells Fargo & Company MN boosted its position in shares of Canada Goose by 4.5% in the fourth quarter. Wells Fargo & Company MN now owns 378,171 shares of the company's stock valued at $3,793,000 after acquiring an additional 16,399 shares during the period. Envestnet Asset Management Inc. increased its holdings in Canada Goose by 16.5% during the 4th 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 period. Finally, Raymond James Financial Inc. purchased a new stake in Canada Goose in the 4th quarter worth approximately $3,769,000. 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.