Russell Investments Group Ltd. increased its stake in Canada Goose Holdings Inc. (NYSE: GOOS – Get a rating) by 95.5% during the fourth quarter, according to the company in its latest 13F filing with the SEC. The company held 27,177 shares of the company after purchasing an additional 13,275 shares during the quarter. The holdings of Russell Investments Group Ltd. in Canada Goose were worth $1,007,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Invesco Ltd. increased its stake in Canada Goose shares by 3.6% during the 3rd quarter. Invesco Ltd. now owns 5,708 shares of the company valued at $204,000 after purchasing an additional 196 shares last quarter. Advisor Group Holdings Inc. increased its stake in Canada Goose by 118.6% during the third quarter. Advisor Group Holdings Inc. now owns 5,757 shares of the company valued at $205,000 after acquiring 3,123 additional shares during the period. HighTower Advisors LLC increased its position in Canada Goose shares by 12.1% in the third quarter. HighTower Advisors LLC now owns 5,746 shares of the company valued at $206,000 after acquiring an additional 620 shares in the last quarter. Marshall Wace LLP bought a new position in Canada Goose stock in the third quarter worth about $218,000. Finally, Columbia Asset Management increased its position in Canada Goose shares by 25.4% during the third quarter. Columbia Asset Management now owns 7,400 shares of the company worth $264,000 after buying an additional 1,500 shares in the last quarter. Institutional investors hold 43.23% of the company’s shares.
A number of equity research analysts have published GOOS equity reports. TD Securities cut its price target on Canada Goose shares from C$59.00 to C$46.00 and set a “buy” rating for the company in a report released Friday, February 11. Wells Fargo & Company lowered its price target on Canada Goose shares from C$55.00 to C$45.00 in a Tuesday, April 5 research note. Barclays cut its price target on Canada Goose from $38.00 to $32.00 in a research report on Friday, April 1. UBS Group downgraded Canada Goose from a “buy” rating to a “neutral” rating and lowered its share price target from $59.00 to $35.00 in a Friday, Jan. 7 research report . Finally, CIBC reduced its price target on Canada Goose from CA$67.00 to CA$45.00 in a report on Friday, February 11. One equity research analyst gave the stock a sell rating, three gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat, Canada Goose currently has an average rating of “Buy” and an average price target of $43.00.
Canada Goose stock opened at $24.25 on Monday. Canada Goose Holdings Inc. has a 12-month low of $21.20 and a 12-month high of $53.64. The company has a current ratio of 2.36, a quick ratio of 1.42 and a debt ratio of 0.71. The company has a 50-day moving average price of $26.75 and a 200-day moving average price of $34.60. The company has a market capitalization of $2.59 billion, a PE ratio of 31.09, a growth price-earnings ratio of 0.56 and a beta of 1.59.
Canada Goose (NYSE: GOOS – Get a rating) last reported quarterly earnings data on Thursday, February 10. The company reported earnings per share (EPS) of $1.13 for the quarter, beating Thomson Reuters consensus estimate of $1.01 by $0.12. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. The company posted revenue of $586.10 million in the quarter, versus a consensus estimate of $586.52 million. In the same quarter last year, the company earned $0.78 per share. The company’s quarterly revenue increased by 23.6% compared to the same quarter last year. As a group, sell-side analysts expect Canada Goose Holdings Inc. to post earnings per share of 0.85 for the current fiscal year.
Canada Goose Profile (Get a rating)
Canada Goose Holdings Inc designs, manufactures and sells luxury performance apparel for men, women, youth, children and babies in Canada, the United States, Asia, Europe and internationally. It operates through three segments: Direct-to-Consumer, Wholesale and Other. The company offers parkas, lightweight down jackets, rainwear, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.
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