Barclays Issues Pessimistic Forecast for Canada Goose (NYSE:GOOS) Stock Price

Canada Goose (NYSE:GOOS) had its price objective decreased by Barclays from $11.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 4.33% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. The Goldman Sachs Group decreased their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Finally, UBS Group dropped their price objective on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Canada Goose has a consensus rating of “Hold” and a consensus target price of $11.20.

Canada Goose Price Performance

Canada Goose stock opened at $9.59 on Monday. The firm has a market capitalization of $927.73 million, a P/E ratio of 18.43, a PEG ratio of 0.60 and a beta of 1.31. Canada Goose has a one year low of $9.23 and a one year high of $14.75. 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 has a fifty day moving average price of $10.18 and a 200-day moving average price of $10.51.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a return on equity of 24.14% and a net margin of 5.47%. As a group, equities research analysts forecast that Canada Goose will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. BNP Paribas Financial Markets raised its position in Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Canada Goose by 4,213.0% during the 4th 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 purchased a new position in shares of Canada Goose during the 4th quarter valued at about $103,000. DGS Capital Management LLC bought a new stake in Canada Goose in the 3rd quarter worth approximately $131,000. Finally, Olympiad Research LP boosted its stake in Canada Goose by 18.2% in the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock worth $166,000 after buying an additional 2,549 shares in the last quarter. 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.