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

Canada Goose (NYSE:GOOS) had its price target lifted by The Goldman Sachs Group from $8.00 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 23.71% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. UBS Group reaffirmed a “neutral” rating and set a $11.00 price target (up from $8.00) on shares of Canada Goose in a research note on Thursday. Barclays reissued an “underweight” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Evercore ISI cut their target price on Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company upgraded Canada Goose from an “underweight” rating to an “equal weight” rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.50.

Canada Goose Trading Up 3.4%

GOOS opened at $11.80 on Thursday. The stock has a 50-day moving average of $8.42 and a 200 day moving average of $9.43. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75. The firm has a market cap of $1.14 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.00 and a beta of 1.26.

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

Hedge Funds Weigh In On Canada Goose

A number of hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its stake 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 valued at $43,000 after acquiring an additional 4,213 shares in the last quarter. Deutsche Bank AG increased its holdings in Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock worth $80,000 after purchasing an additional 5,259 shares during the period. MQS Management LLC bought a new stake in Canada Goose during the 1st quarter valued at $86,000. Virtu Financial LLC bought a new stake in Canada Goose during the 4th quarter valued at $100,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Canada Goose in the 4th quarter worth $103,000. 83.64% of the stock is currently owned by 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.