Eagle Asset Management Inc. reduced its holdings in Canada Goose Holdings Inc (NYSE:GOOS) by 9.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,985,322 shares of the company’s stock after selling 212,624 shares during the quarter. Eagle Asset Management Inc. owned approximately 1.81% of Canada Goose worth $87,297,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of GOOS. Cidel Asset Management Inc. bought a new position in shares of Canada Goose in the 2nd quarter worth about $19,347,000. BlackRock Inc. lifted its position in shares of Canada Goose by 50.7% in the 2nd quarter. BlackRock Inc. now owns 1,466,426 shares of the company’s stock worth $56,795,000 after buying an additional 493,507 shares during the last quarter. Invesco Ltd. lifted its position in shares of Canada Goose by 1,096.9% in the 2nd quarter. Invesco Ltd. now owns 493,936 shares of the company’s stock worth $19,129,000 after buying an additional 452,669 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Canada Goose by 74.1% in the 2nd quarter. Stephens Investment Management Group LLC now owns 917,789 shares of the company’s stock worth $35,546,000 after buying an additional 390,624 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Canada Goose by 280.7% in the 2nd quarter. UBS Group AG now owns 203,595 shares of the company’s stock worth $7,885,000 after buying an additional 316,293 shares during the last quarter. Institutional investors own 51.20% of the company’s stock.
A number of research firms recently weighed in on GOOS. Zacks Investment Research cut shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Thursday. Credit Suisse Group dropped their price objective on shares of Canada Goose from $76.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Finally, DA Davidson cut shares of Canada Goose from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $48.00 to $42.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $63.87.
Shares of GOOS stock traded down $0.83 during trading hours on Friday, reaching $37.63. The stock had a trading volume of 2,240,501 shares, compared to its average volume of 1,742,147. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.38 and a quick ratio of 0.76. Canada Goose Holdings Inc has a twelve month low of $31.67 and a twelve month high of $72.27. The firm has a 50-day simple moving average of $40.69 and a 200-day simple moving average of $42.18. The firm has a market capitalization of $4.15 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.19 and a beta of 3.13.
Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.01. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The business had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $54.38 million. During the same quarter last year, the company earned ($0.16) EPS. The company’s revenue for the quarter was up 59.1% compared to the same quarter last year. On average, equities analysts anticipate that Canada Goose Holdings Inc will post 1.26 earnings per share for the current year.
About Canada Goose
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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