Raymond James & Associates Boosts Stock Holdings in Canada Goose Holdings Inc. (NYSE:GOOS)

Raymond James & Associates increased its stake in Canada Goose Holdings Inc. (NYSE:GOOS) by 8.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 146,000 shares of the company’s stock after buying an additional 11,876 shares during the period. Raymond James & Associates’ holdings in Canada Goose were worth $1,730,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new position in shares of Canada Goose in the 3rd quarter worth about $2,092,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Canada Goose by 19.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,967,875 shares of the company’s stock worth $72,905,000 after buying an additional 812,174 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Canada Goose by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company’s stock worth $25,363,000 after buying an additional 21,967 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Canada Goose by 6.8% in the 3rd quarter. Natixis Advisors L.P. now owns 23,316 shares of the company’s stock worth $342,000 after buying an additional 1,485 shares during the last quarter. Finally, Smead Capital Management Inc. purchased a new position in shares of Canada Goose in the 3rd quarter worth about $3,475,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on GOOS. Barclays boosted their price target on shares of Canada Goose from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Evercore upped their price objective on shares of Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canada Goose presently has an average rating of “Hold” and a consensus price target of $13.83.

Canada Goose Trading Up 0.4 %

Shares of GOOS opened at $11.25 on Thursday. The business’s 50-day moving average price is $12.43 and its 200-day moving average price is $12.04. Canada Goose Holdings Inc. has a twelve month low of $9.80 and a twelve month high of $22.65. The stock has a market cap of $1.09 billion, a PE ratio of 36.29, a P/E/G ratio of 1.13 and a beta of 1.48. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.06). Canada Goose had a net margin of 3.86% and a return on equity of 23.30%. The company had revenue of $448.03 million for the quarter, compared to the consensus estimate of $455.25 million. On average, equities analysts forecast that Canada Goose Holdings Inc. will post 0.66 EPS for the current fiscal year.

Canada Goose Company 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.