Canada Goose (NYSE:GOOS) Price Target Cut to $8.00 by Analysts at The Goldman Sachs Group

Canada Goose (NYSE:GOOS) had its target price decreased by The Goldman Sachs Group from $9.00 to $8.00 in a report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other research firms have also recently weighed in on GOOS. Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. UBS Group reduced their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Canada Goose presently has an average rating of “Hold” and an average target price of $11.60.

Canada Goose Stock Up 0.6 %

Canada Goose stock opened at $10.01 on Tuesday. Canada Goose has a 1-year low of $9.23 and a 1-year high of $14.75. The firm has a market capitalization of $968.43 million, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. 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 firm’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $11.35.

Hedge Funds Weigh In On Canada Goose

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after buying an additional 2,087 shares in the last quarter. DGS Capital Management LLC bought a new stake in Canada Goose during the 3rd quarter worth approximately $131,000. Olympiad Research LP purchased a new stake in Canada Goose in the 3rd quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after purchasing an additional 2,002 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Canada Goose in the 3rd quarter valued at $189,000. 83.64% of the stock is 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.