Russell Investments Group Ltd. Cuts Stake in Canada Goose Holdings Inc. $GOOS

Russell Investments Group Ltd. lowered its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 39.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,396 shares of the company’s stock after selling 17,683 shares during the quarter. Russell Investments Group Ltd.’s holdings in Canada Goose were worth $217,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock worth $167,000 after buying an additional 1,578 shares during the last quarter. TD Asset Management Inc raised its position in Canada Goose by 3.3% during the 1st quarter. TD Asset Management Inc now owns 51,512 shares of the company’s stock worth $408,000 after buying an additional 1,656 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Canada Goose by 8.7% during the 1st quarter. Mackenzie Financial Corp now owns 23,223 shares of the company’s stock worth $184,000 after purchasing an additional 1,864 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Canada Goose by 16.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company’s stock worth $242,000 after purchasing an additional 3,410 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock worth $80,000 after purchasing an additional 5,259 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GOOS shares. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. UBS Group reaffirmed a “neutral” rating and set a $11.00 price target (up from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the stock an “in-line” rating in a research note on Thursday, May 22nd. Robert W. Baird set a $28.00 price target on shares of Canada Goose in a research note on Thursday, August 28th. Finally, Cowen reaffirmed a “hold” rating on shares of Canada Goose in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.40.

Canada Goose Price Performance

Shares of NYSE GOOS opened at $13.08 on Wednesday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 0.97 and a beta of 1.46. Canada Goose Holdings Inc. has a 52 week low of $6.73 and a 52 week high of $15.43. The company’s 50-day moving average price is $12.45 and its 200 day moving average price is $10.52. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.04). The business had revenue of $77.91 million during the quarter, compared to analyst estimates of $68.33 million. Canada Goose had a net margin of 3.48% and a return on equity of 19.85%. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, research analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share 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.