CIBC Asset Management Inc boosted its position in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,469 shares of the company’s stock after purchasing an additional 4,202 shares during the period. CIBC Asset Management Inc’s holdings in Canada Goose were worth $1,639,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in GOOS. Morse Asset Management Inc increased its holdings in shares of Canada Goose by 164.9% during the third quarter. Morse Asset Management Inc now owns 12,700 shares of the company’s stock worth $820,000 after purchasing an additional 7,905 shares during the period. Engineers Gate Manager LP bought a new position in shares of Canada Goose during the third quarter worth approximately $624,000. Sterling Capital Management LLC increased its holdings in shares of Canada Goose by 183.1% during the third quarter. Sterling Capital Management LLC now owns 65,594 shares of the company’s stock worth $4,233,000 after purchasing an additional 42,421 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Canada Goose by 2.9% during the third quarter. Victory Capital Management Inc. now owns 439,295 shares of the company’s stock worth $28,352,000 after purchasing an additional 12,248 shares during the period. Finally, GWM Advisors LLC bought a new position in shares of Canada Goose during the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 38.71% of the company’s stock.
Several brokerages have recently commented on GOOS. DA Davidson began coverage on shares of Canada Goose in a report on Tuesday, September 25th. They set a “buy” rating and a $68.00 target price on the stock. Robert W. Baird cut shares of Canada Goose from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 1st. Zacks Investment Research cut shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Finally, Barclays reaffirmed a “buy” rating and set a $72.00 target price on shares of Canada Goose in a report on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.11.
Shares of NYSE:GOOS opened at $59.99 on Friday. The company has a market capitalization of $6.72 billion, a P/E ratio of 96.23, a PEG ratio of 2.33 and a beta of 2.21. The company has a current ratio of 3.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.96. Canada Goose Holdings Inc has a 1 year low of $23.46 and a 1 year high of $68.75.
Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $35.72 million. Canada Goose had a net margin of 14.80% and a return on equity of 41.49%. The firm’s quarterly revenue was up 58.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) earnings per share. As a group, equities analysts predict that Canada Goose Holdings Inc will post 0.86 EPS for the current fiscal year.
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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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