Canada Goose (NYSE:GOOS) Earns “Underweight” Rating from Barclays

Canada Goose (NYSE:GOOS)‘s stock had its “underweight” rating reissued by Barclays in a note issued to investors on Monday, MarketBeat reports. They presently have a $8.00 target price on the stock, down from their previous target price of $10.00. Barclays‘s price target indicates a potential downside of 0.68% from the company’s previous close.

Several other research analysts have also commented on GOOS. The Goldman Sachs Group cut 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. Evercore ISI reduced their target price on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.20.

Canada Goose Price Performance

Canada Goose stock opened at $8.06 on Monday. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $9.76 and its 200 day simple moving average is $10.11. Canada Goose has a 52 week low of $7.51 and a 52 week high of $14.75. The firm has a market capitalization of $779.77 million, a PE ratio of 15.49, a P/E/G ratio of 1.00 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting 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, equities research analysts predict that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in Canada Goose by 10.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock valued at $167,000 after acquiring an additional 1,578 shares during the period. Scion Asset Management LLC acquired a new position in Canada Goose during the 4th quarter valued at approximately $249,000. Patient Capital Management LLC increased its position in Canada Goose by 3.4% in the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company’s stock worth $38,661,000 after buying an additional 128,133 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Canada Goose during the fourth quarter valued at $145,000. Finally, Millennium Management LLC increased its holdings in shares of Canada Goose by 120.6% in the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company’s stock worth $3,026,000 after acquiring an additional 164,905 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Company Profile

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.