Canada Goose’s (GOOS) Sell Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their sell rating on shares of Canada Goose (NYSE:GOOS) in a research note issued to investors on Monday, Marketbeat.com reports. The Goldman Sachs Group currently has a $9.00 target price on the stock, down from their previous target price of $11.50.

GOOS has been the subject of a number of other reports. UBS Group decreased their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Barclays decreased their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, Wedbush began coverage on Canada Goose in a research report on Friday, July 19th. They issued an “outperform” rating for the company. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.80.

Canada Goose Stock Performance

NYSE GOOS opened at $10.23 on Monday. The stock has a market capitalization of $987.20 million, a PE ratio of 27.51, a P/E/G ratio of 0.64 and a beta of 1.32. The business has a 50 day simple moving average of $11.21 and a two-hundred day simple moving average of $11.87. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63. Canada Goose has a 1-year low of $9.80 and a 1-year high of $14.75.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The firm had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $63.47 million. On average, research analysts predict that Canada Goose will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. GAM Holding AG grew its stake in Canada Goose by 60.0% during the 3rd quarter. GAM Holding AG now owns 40,000 shares of the company’s stock valued at $501,000 after purchasing an additional 15,000 shares during the last quarter. Raymond James & Associates grew its stake in Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after purchasing an additional 118,291 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Canada Goose during the 2nd quarter valued at about $338,000. Point72 Asset Management L.P. purchased a new stake in Canada Goose during the 2nd quarter valued at about $839,000. Finally, Armistice Capital LLC purchased a new stake in Canada Goose during the 2nd quarter valued at about $4,332,000. 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.