Russell Investments Group Ltd. decreased its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS – Free Report) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,238 shares of the company’s stock after selling 4,126 shares during the period. Russell Investments Group Ltd.’s holdings in Canada Goose were worth $523,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Clear Street Markets LLC purchased a new position in shares of Canada Goose in the 4th quarter valued at approximately $31,000. Gyon Technologies Capital Management LP purchased a new stake in shares of Canada Goose in the fourth quarter valued at approximately $38,000. Deutsche Bank AG purchased a new stake in shares of Canada Goose in the fourth quarter valued at approximately $49,000. Picton Mahoney Asset Management purchased a new stake in shares of Canada Goose in the first quarter valued at approximately $167,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Canada Goose in the third quarter valued at approximately $183,000. Institutional investors and hedge funds own 50.24% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on GOOS shares. Barclays decreased their price target on Canada Goose from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, August 4th. Bank of America decreased their price target on Canada Goose from $17.00 to $14.80 in a research note on Thursday, May 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.48.
Canada Goose Stock Performance
Shares of GOOS stock opened at $16.26 on Friday. The stock has a fifty day moving average price of $16.83 and a 200 day moving average price of $17.76. The stock has a market cap of $1.67 billion, a PE ratio of 45.17, a P/E/G ratio of 0.68 and a beta of 1.67. Canada Goose Holdings Inc. has a 1 year low of $14.51 and a 1 year high of $24.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.56 and a current ratio of 2.15.
Canada Goose (NYSE:GOOS – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.12. Canada Goose had a return on equity of 22.58% and a net margin of 4.28%. The company had revenue of $63.14 million during the quarter. Sell-side analysts forecast that Canada Goose Holdings Inc. will post 1.05 earnings per share for the current fiscal year.
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.
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