Advisors Asset Management Inc. increased its holdings in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 136.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,543 shares of the company’s stock after purchasing an additional 891 shares during the quarter. Advisors Asset Management Inc.’s holdings in Canada Goose were worth $74,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOS. FIL Ltd boosted its position in Canada Goose by 0.4% during the 1st quarter. FIL Ltd now owns 6,774,758 shares of the company’s stock worth $325,367,000 after acquiring an additional 27,494 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Canada Goose by 8.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 4,601,089 shares of the company’s stock valued at $220,944,000 after buying an additional 374,922 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Canada Goose by 548.2% in the 4th quarter. American Century Companies Inc. now owns 2,772,833 shares of the company’s stock valued at $121,228,000 after buying an additional 2,345,042 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Canada Goose by 61.0% in the 1st quarter. Eagle Asset Management Inc. now owns 2,264,991 shares of the company’s stock valued at $108,771,000 after buying an additional 857,837 shares during the last quarter. Finally, Carillon Tower Advisers Inc. boosted its holdings in shares of Canada Goose by 87.3% in the 1st quarter. Carillon Tower Advisers Inc. now owns 1,577,191 shares of the company’s stock valued at $75,736,000 after buying an additional 735,301 shares during the last quarter. 51.12% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE GOOS traded up $0.31 during midday trading on Wednesday, hitting $36.35. 777,247 shares of the stock traded hands, compared to its average volume of 2,240,892. The company has a market capitalization of $4.04 billion, a P/E ratio of 35.64, a PEG ratio of 1.04 and a beta of 3.15. Canada Goose Holdings Inc has a one year low of $31.67 and a one year high of $72.27. The company’s 50 day moving average is $41.55. The company has a current ratio of 3.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.
Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Canada Goose had a return on equity of 46.09% and a net margin of 17.24%. The business had revenue of $156.20 million during the quarter, compared to the consensus estimate of $158.85 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Canada Goose’s revenue was up 25.2% compared to the same quarter last year. Research analysts predict that Canada Goose Holdings Inc will post 1.26 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Goldman Sachs Group upgraded Canada Goose from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $65.00 to $47.00 in a research report on Friday, May 31st. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Bank of America cut Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 target price on the stock. in a research report on Thursday, May 30th. Wells Fargo & Co reiterated a “hold” rating on shares of Canada Goose in a research report on Thursday, May 30th. Finally, HSBC assumed coverage on Canada Goose in a research note on Monday, May 20th. They set a “buy” rating and a $48.32 price target on the stock. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.64.
Canada Goose Company Profile
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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