Brown Advisory Inc. increased its holdings in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 180.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,932 shares of the company’s stock after buying an additional 24,400 shares during the period. Brown Advisory Inc.’s holdings in Canada Goose were worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in GOOS. Janney Montgomery Scott LLC purchased a new position in shares of Canada Goose during the 2nd quarter valued at approximately $690,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Canada Goose during the 2nd quarter valued at approximately $393,000. Commonwealth Equity Services LLC purchased a new position in shares of Canada Goose during the 2nd quarter valued at approximately $215,000. First Trust Advisors LP purchased a new position in shares of Canada Goose during the 2nd quarter valued at approximately $246,000. Finally, Victory Capital Management Inc. lifted its position in shares of Canada Goose by 15.3% during the 2nd quarter. Victory Capital Management Inc. now owns 427,047 shares of the company’s stock valued at $25,131,000 after buying an additional 56,660 shares in the last quarter. Hedge funds and other institutional investors own 38.32% of the company’s stock.
Shares of GOOS stock opened at $58.45 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.73 and a current ratio of 3.91. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 82.38, a PEG ratio of 1.99 and a beta of 2.31. Canada Goose Holdings Inc has a fifty-two week low of $26.28 and a fifty-two week high of $72.27.
Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Wednesday, November 14th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. The company had revenue of $230.30 million for the quarter, compared to analyst estimates of $197.99 million. Canada Goose had a return on equity of 44.05% and a net margin of 15.35%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Sell-side analysts expect that Canada Goose Holdings Inc will post 1.01 EPS for the current year.
A number of brokerages have recently issued reports on GOOS. Zacks Investment Research upgraded Canada Goose from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a research report on Friday, November 16th. Canaccord Genuity set a $102.00 price objective on Canada Goose and gave the company a “buy” rating in a report on Thursday, November 15th. DA Davidson raised their price objective on Canada Goose to $74.00 and gave the company a “buy” rating in a report on Friday, November 16th. Credit Suisse Group raised their price objective on Canada Goose from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, November 15th. Finally, Royal Bank of Canada raised their price objective on Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $78.67.
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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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