Canada Goose (NYSE:GOOS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Canada Goose (NYSE:GOOS) had its price objective lifted by The Goldman Sachs Group from $8.00 to $9.00 in a research report report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

GOOS has been the subject of a number of other research reports. Wells Fargo & Company raised Canada Goose from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, April 30th. Barclays reissued an “underweight” rating and set a $8.00 price objective (down previously from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Evercore ISI reduced their price objective on Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, UBS Group restated a “neutral” rating and set a $11.00 target price (up from $8.00) on shares of Canada Goose in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.50.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $11.80 on Thursday. The stock has a market cap of $1.14 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The business has a fifty day simple moving average of $8.42 and a 200-day simple moving average of $9.43. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.17. The firm had revenue of $266.83 million during the quarter, compared to analysts’ expectations of $355.76 million. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. On average, sell-side analysts anticipate that Canada Goose will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Canada Goose by 4,213.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock worth $43,000 after purchasing an additional 4,213 shares during the period. Deutsche Bank AG grew its position in Canada Goose by 192.0% during the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock worth $80,000 after buying an additional 5,259 shares in the last quarter. MQS Management LLC acquired a new stake in Canada Goose during the first quarter worth about $86,000. Virtu Financial LLC acquired a new stake in Canada Goose during the fourth quarter worth about $100,000. Finally, Aigen Investment Management LP acquired a new stake in Canada Goose during the fourth quarter worth about $103,000. 83.64% of the stock is currently owned by 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.