Raymond James & Associates grew its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 55.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,064 shares of the company's stock after buying an additional 118,291 shares during the quarter. Raymond James & Associates owned 0.34% of Canada Goose worth $4,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of Canada Goose by 2,048.6% in the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company's stock worth $252,000 after purchasing an additional 19,953 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Canada Goose by 253.4% in the 1st quarter. SG Americas Securities LLC now owns 36,927 shares of the company's stock worth $445,000 after purchasing an additional 26,477 shares in the last quarter. River Global Investors LLP increased its stake in shares of Canada Goose by 19.9% in the 1st quarter. River Global Investors LLP now owns 107,161 shares of the company's stock worth $1,292,000 after purchasing an additional 17,752 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Canada Goose by 59.3% in the 1st quarter. Russell Investments Group Ltd. now owns 52,639 shares of the company's stock worth $635,000 after purchasing an additional 19,586 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of Canada Goose by 0.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company's stock worth $7,297,000 after purchasing an additional 2,752 shares in the last quarter. 83.64% of the stock is owned by institutional investors.
Canada Goose Price Performance
Shares of Canada Goose stock traded down $0.08 during trading on Friday, reaching $9.74. 734,397 shares of the stock traded hands, compared to its average volume of 768,538. The company has a market capitalization of $942.15 million, a price-to-earnings ratio of 27.06, a P/E/G ratio of 0.54 and a beta of 1.35. The business has a fifty day simple moving average of $11.03 and a two-hundred day simple moving average of $11.81. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63. Canada Goose Holdings Inc. has a 52-week low of $9.68 and a 52-week high of $14.75.
Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating analysts' consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The firm had revenue of $64.39 million during the quarter, compared to analyst estimates of $63.47 million. Sell-side analysts expect that Canada Goose Holdings Inc. will post 0.84 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on GOOS shares. Raymond James lowered Canada Goose from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 23rd. Barclays cut their price target on Canada Goose from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group reiterated a "sell" rating and issued a $9.00 price target (down previously from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. Wedbush started coverage on Canada Goose in a research note on Friday, July 19th. They issued an "outperform" rating for the company. Finally, UBS Group cut their price target on Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.80.
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About Canada Goose
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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.
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