Evercore ISI Has Lowered Expectations for Canada Goose (NYSE:GOOS) Stock Price

Canada Goose (NYSE:GOOS) had its price objective dropped by investment analysts at Evercore ISI from $13.00 to $10.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 0.76% from the stock’s current price.

Several other brokerages also recently weighed in on GOOS. The Goldman Sachs Group lowered 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. Barclays lowered their target price on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group cut their price target 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. Finally, Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.60.

Canada Goose Stock Performance

GOOS opened at $9.93 on Monday. The company’s 50 day moving average is $10.19 and its 200 day moving average is $10.49. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The company has a market cap of $960.64 million, a price-to-earnings ratio of 19.09, a PEG ratio of 0.60 and a beta of 1.31. Canada Goose has a 12-month low of $9.23 and a 12-month high of $14.75.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake 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 buying an additional 2,087 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 worth $43,000 after acquiring an additional 4,213 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Canada Goose during the 4th quarter valued at approximately $100,000. Aigen Investment Management LP purchased a new position in shares of Canada Goose in the fourth quarter valued at $103,000. Finally, DGS Capital Management LLC bought a new stake in Canada Goose in the third quarter worth $131,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.