SG Americas Securities LLC Purchases Shares of 10,450 Canada Goose Holdings Inc. (NYSE:GOOS)

SG Americas Securities LLC purchased a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,450 shares of the company’s stock, valued at approximately $124,000.

A number of other institutional investors have also recently made changes to their positions in GOOS. 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. Ameriprise Financial Inc. lifted its stake in shares of Canada Goose by 313.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,552,800 shares of the company’s stock valued at $22,764,000 after purchasing an additional 1,177,180 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 purchasing an additional 1,111,105 shares during the period. Wasatch Advisors Inc. acquired a new position in shares of Canada Goose in the 1st quarter valued at about $25,797,000. Finally, The Manufacturers Life Insurance Company lifted its stake 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 valued at $72,905,000 after purchasing an additional 812,174 shares during the period. Institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Up 0.4 %

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

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, February 1st. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $455.25 million. Sell-side analysts expect that Canada Goose Holdings Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Evercore boosted their price objective on Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research note on Friday, February 2nd. Barclays upped their price target on Canada Goose from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.83.

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.