Evercore ISI Cuts Canada Goose (NYSE:GOOS) Price Target to $10.00

Canada Goose (NYSE:GOOS) had its price target cut by Evercore ISI from $13.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price points to a potential upside of 0.35% from the stock’s current price.

Other analysts have also recently issued reports about the company. UBS Group reduced their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Barclays decreased their price objective on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Two 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. According to MarketBeat.com, Canada Goose has an average rating of “Hold” and an average target price of $10.60.

Canada Goose Stock Up 3.8 %

Shares of NYSE GOOS traded up $0.37 during mid-day trading on Monday, hitting $9.97. The company had a trading volume of 529,532 shares, compared to its average volume of 954,893. Canada Goose has a 1-year low of $9.23 and a 1-year high of $14.75. The company has a market capitalization of $964.56 million, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. The business’s 50-day simple moving average is $10.18 and its 200 day simple moving average is $10.51.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 24.14% and a net margin of 5.47%. On average, analysts predict that Canada Goose will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after buying an additional 2,087 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in 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 purchasing an additional 4,213 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Canada Goose in the fourth quarter valued at approximately $103,000. DGS Capital Management LLC acquired a new stake in shares of Canada Goose in the third quarter worth $131,000. Finally, Olympiad Research LP boosted its holdings in shares of Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock worth $166,000 after buying an additional 2,549 shares during the period. Hedge funds and other institutional investors 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.