Canada Goose Holdings Inc. (NYSE:GOOS) Shares Acquired by Raymond James & Associates

Raymond James & Associates grew its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 52.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,939 shares of the company’s stock after purchasing an additional 41,648 shares during the quarter. Raymond James & Associates owned approximately 0.12% of Canada Goose worth $2,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. ArrowMark Colorado Holdings LLC raised its holdings in shares of Canada Goose by 34.1% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 4,217,772 shares of the company’s stock valued at $81,192,000 after purchasing an additional 1,073,374 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Canada Goose by 203.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,179,953 shares of the company’s stock valued at $83,715,000 after buying an additional 2,130,452 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Canada Goose by 135.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,930,284 shares of the company’s stock valued at $34,764,000 after buying an additional 1,111,105 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Canada Goose by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,779,032 shares of the company’s stock valued at $27,112,000 after buying an additional 125,265 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Canada Goose by 67.3% in the 4th quarter. Bank of America Corp DE now owns 1,531,805 shares of the company’s stock valued at $27,281,000 after buying an additional 616,098 shares during the last quarter. 50.24% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Stock Down 0.2 %

GOOS stock opened at $11.32 on Monday. Canada Goose Holdings Inc. has a one year low of $11.20 and a one year high of $24.73. The stock has a market capitalization of $1.16 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.66. 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 company has a fifty day moving average of $14.39 and a 200-day moving average of $16.48.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, August 3rd. The company reported ($0.52) EPS for the quarter, topping the consensus estimate 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. As a group, analysts expect that Canada Goose Holdings Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

GOOS has been the topic of a number of recent analyst reports. Raymond James initiated coverage on shares of Canada Goose in a research report on Thursday, September 7th. They issued an “outperform” rating on the stock. TD Cowen downgraded shares of Canada Goose from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $22.00 to $15.00 in a research report on Thursday, October 19th. Barclays dropped their target price on shares of Canada Goose from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research report on Thursday, October 19th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.09.

About Canada Goose

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.