Russell Investments Group Ltd. trimmed its holdings in Canada Goose Holdings Inc. (NYSE:GOOS – Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 large investors also recently added to or reduced their stakes in GOOS. Clear Street Markets LLC bought a new stake in shares of Canada Goose during the 4th quarter worth $31,000. Gyon Technologies Capital Management LP bought a new stake in shares of Canada Goose during the 4th quarter worth $38,000. Deutsche Bank AG bought a new stake in shares of Canada Goose during the 4th quarter worth $49,000. Picton Mahoney Asset Management bought a new stake in shares of Canada Goose during the 1st quarter worth $167,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Canada Goose by 30.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,932 shares of the company’s stock worth $191,000 after buying an additional 2,304 shares during the period. 50.24% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on GOOS shares. Barclays cut their target price on shares of Canada Goose from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. Bank of America cut their target price on shares of Canada Goose from $17.00 to $14.80 in a research note on Thursday, May 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.48.
Canada Goose Trading Up 3.4 %
Shares of GOOS stock opened at $16.26 on Friday. Canada Goose Holdings Inc. has a 52-week low of $14.51 and a 52-week high of $24.73. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 0.68 and a beta of 1.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.56 and a current ratio of 2.15. The firm has a fifty day moving average of $16.83 and a 200-day moving average of $17.76.
Canada Goose (NYSE:GOOS – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.12. Canada Goose had a net margin of 4.28% and a return on equity of 22.58%. The company had revenue of $63.14 million during the quarter. On average, equities research 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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