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 research note released on Monday,Benzinga reports. They currently have an in-line rating on the stock.

A number of other research analysts have also recently weighed in on GOOS. Barclays cut their price objective on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday. Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. UBS Group cut their price objective on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.60.

Canada Goose Stock Performance

Shares of GOOS opened at $9.93 on Monday. The company’s fifty day moving average is $10.20 and its 200 day moving average is $10.48. Canada Goose has a fifty-two week low of $9.23 and a fifty-two week high of $14.75. The stock has a market capitalization of $961.12 million, a PE ratio of 19.10, a P/E/G ratio of 0.60 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share 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 24.14%. Sell-side analysts expect that Canada Goose will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Canada Goose by 42.9% during the third quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock valued at $69,595,000 after purchasing an additional 1,667,750 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Canada Goose in the fourth quarter worth about $12,251,000. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in Canada Goose by 1.2% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company’s stock worth $12,223,000 after acquiring an additional 14,341 shares during the period. Pinnacle Associates Ltd. lifted its stake in Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after acquiring an additional 3,338 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Canada Goose in the fourth quarter worth about $3,769,000. 83.64% of the stock is 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.