The Manufacturers Life Insurance Company Acquires 1,667,750 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

The Manufacturers Life Insurance Company lifted its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 42.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,554,279 shares of the company's stock after purchasing an additional 1,667,750 shares during the quarter. The Manufacturers Life Insurance Company owned about 5.74% of Canada Goose worth $69,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company's stock valued at $177,000 after purchasing an additional 2,002 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of Canada Goose during the third quarter valued at approximately $175,000. GAM Holding AG raised its stake in shares of Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company's stock valued at $323,000 after purchasing an additional 8,430 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Canada Goose in the second quarter worth $338,000. Finally, American Century Companies Inc. increased its stake in shares of Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company's stock worth $354,000 after buying an additional 13,300 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on GOOS. The Goldman Sachs Group reiterated a "sell" rating and set a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. UBS Group reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. Wells Fargo & Company downgraded shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th. Finally, Barclays reduced their price objective on shares of Canada Goose from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.80.

Canada Goose Stock Up 0.9 %

Shares of Canada Goose stock traded up $0.08 during trading on Thursday, reaching $9.47. The stock had a trading volume of 540,762 shares, compared to its average volume of 926,417. Canada Goose Holdings Inc. has a 52 week low of $9.23 and a 52 week high of $14.75. The company has a market capitalization of $916.60 million, a price-to-earnings ratio of 25.59, a P/E/G ratio of 0.59 and a beta of 1.35. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average price of $10.54 and a two-hundred day moving average price of $11.59.

Canada Goose Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.