State of New Jersey Common Pension Fund D Buys New Position in Canada Goose Holdings Inc. $GOOS

State of New Jersey Common Pension Fund D acquired a new stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,037 shares of the company’s stock, valued at approximately $515,000.

Several other large investors also recently made changes to their positions in the business. MQS Management LLC bought a new stake in shares of Canada Goose during the 1st quarter worth $86,000. TD Asset Management Inc boosted its stake in shares of 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 acquiring an additional 1,656 shares in the last quarter. Mackenzie Financial Corp boosted 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 acquiring an additional 1,864 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Canada Goose by 62.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company’s stock valued at $180,000 after purchasing an additional 8,690 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Canada Goose in the 1st quarter valued at $267,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of Canada Goose stock opened at $13.90 on Monday. The firm has a fifty day simple moving average of $13.62 and a 200-day simple moving average of $12.03. 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 Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $15.43. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 1.02 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.04). The firm had revenue of $77.91 million for the quarter, compared to analyst estimates of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.During the same period in the prior year, the firm earned $0.78 EPS. On average, sell-side analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of Canada Goose from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 1st. Baird R W upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, TD Cowen raised shares of Canada Goose from a “hold” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $18.00 in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

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.