Canada Goose’s (GOOS) Underweight Rating Reiterated at Barclays

Barclays reissued their underweight rating on shares of Canada Goose (NYSE:GOOS) in a research note released on Monday morning, MarketBeat reports. They currently have a $8.00 price target on the stock, down from their prior price target of $10.00.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI cut their price target on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.20.

Canada Goose Stock Up 1.6 %

NYSE:GOOS opened at $8.17 on Monday. The company has a market cap of $790.91 million, a PE ratio of 15.71, a PEG ratio of 1.00 and a beta of 1.32. The stock has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $10.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. Canada Goose has a 52-week low of $7.51 and a 52-week high of $14.75.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. On average, sell-side analysts expect that Canada Goose will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently modified their holdings of GOOS. Arrowstreet Capital Limited Partnership bought a new position in shares of Canada Goose during the fourth quarter worth approximately $12,251,000. Penn Capital Management Company LLC acquired a new position in Canada Goose in the 4th quarter valued at $5,702,000. Portolan Capital Management LLC bought a new position in Canada Goose during the 4th quarter worth $4,403,000. Raymond James Financial Inc. bought a new position in Canada Goose during the 4th quarter worth $3,769,000. Finally, Pier Capital LLC lifted its holdings in shares of Canada Goose by 118.0% during the fourth quarter. Pier Capital LLC now owns 357,849 shares of the company’s stock worth $3,589,000 after buying an additional 193,708 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.