UBS Group Cuts Canada Goose (NYSE:GOOS) Price Target to $13.00

Canada Goose (NYSE:GOOS) had its price target cut by UBS Group from $14.00 to $13.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on the company. Wedbush assumed coverage on Canada Goose in a research report on Friday, July 19th. They set an outperform rating for the company. Evercore ISI increased their target price on shares of Canada Goose from $12.00 to $13.00 and gave the company an in-line rating in a research report on Friday, May 17th. Evercore boosted their price target on shares of Canada Goose from $12.00 to $13.00 and gave the stock an in-line rating in a research report on Friday, May 17th. Barclays decreased their price objective on shares of Canada Goose from $13.00 to $12.00 and set an equal weight rating for the company in a report on Friday. Finally, The Goldman Sachs Group raised their price objective on shares of Canada Goose from $11.00 to $12.50 and gave the company a neutral rating in a research note on Friday, May 17th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $14.07.

Canada Goose Stock Up 2.1 %

Shares of GOOS traded up $0.22 during midday trading on Friday, reaching $10.62. 308,339 shares of the company were exchanged, compared to its average volume of 995,371. The company has a current ratio of 2.39, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. Canada Goose has a 1-year low of $9.80 and a 1-year high of $17.30. The stock has a 50-day moving average price of $12.77 and a 200-day moving average price of $12.43. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 0.66 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. Canada Goose had a return on equity of 24.94% and a net margin of 4.66%. The business had revenue of $265.56 million for the quarter, compared to analysts’ expectations of $232.36 million. Research analysts expect that Canada Goose will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

A number of institutional investors have recently bought and sold shares of the stock. Patient Capital Management LLC boosted its holdings in shares of Canada Goose by 16.0% in the fourth quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock worth $45,537,000 after buying an additional 529,177 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Canada Goose by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,543,561 shares of the company’s stock worth $41,991,000 after buying an additional 201,325 shares during the period. Jump Financial LLC acquired a new position in shares of Canada Goose in the fourth quarter worth about $1,187,000. Alberta Investment Management Corp boosted its holdings in shares of Canada Goose by 638.2% in the fourth quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock worth $1,198,000 after buying an additional 86,800 shares during the period. Finally, Armistice Capital LLC acquired a new position in shares of Canada Goose in the fourth quarter worth about $1,007,000. 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.