Canada Goose (NYSE:GOOS) Price Target Raised to $9.00 at The Goldman Sachs Group

Canada Goose (NYSE:GOOS - Get Free Report) had its price target raised by equities researchers at The Goldman Sachs Group from $8.00 to $9.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price target would indicate a potential downside of 20.74% from the company's previous close.

GOOS has been the topic of several other reports. UBS Group lifted their target price on Canada Goose from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday. Wells Fargo & Company upgraded Canada Goose from an "underweight" rating to an "equal weight" rating in a report on Wednesday, April 30th. Barclays reaffirmed an "underweight" rating and set a $8.00 target price (down from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Finally, Evercore ISI lowered their price objective on shares of Canada Goose from $13.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.50.

Canada Goose Stock Performance

Canada Goose stock traded up $0.69 during midday trading on Thursday, reaching $11.36. 1,147,271 shares of the company traded hands, compared to its average volume of 877,037. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The business has a 50 day moving average of $8.29 and a two-hundred day moving average of $9.40. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.17. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. The firm had revenue of $266.83 million during the quarter, compared to the consensus estimate of $355.76 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Canada Goose will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its position in shares of Canada Goose by 4,213.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock worth $43,000 after acquiring an additional 4,213 shares during the period. Deutsche Bank AG boosted its position in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after purchasing an additional 5,259 shares during the period. MQS Management LLC acquired a new position in shares of Canada Goose in the 1st quarter valued at $86,000. Virtu Financial LLC purchased a new stake in shares of Canada Goose in the fourth quarter valued at about $100,000. Finally, Aigen Investment Management LP acquired a new stake in Canada Goose during the 4th quarter worth approximately $103,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

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