First Trust Advisors LP decreased its position in Canada Goose Holdings Inc (NYSE:GOOS) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,176 shares of the company’s stock after selling 764 shares during the period. First Trust Advisors LP’s holdings in Canada Goose were worth $755,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GOOS. Cidel Asset Management Inc. acquired a new position in Canada Goose in the 2nd quarter valued at approximately $19,347,000. BlackRock Inc. raised its holdings in Canada Goose by 50.7% in the 2nd quarter. BlackRock Inc. now owns 1,466,426 shares of the company’s stock valued at $56,795,000 after acquiring an additional 493,507 shares in the last quarter. Invesco Ltd. raised its holdings in Canada Goose by 1,096.9% in the 2nd quarter. Invesco Ltd. now owns 493,936 shares of the company’s stock valued at $19,129,000 after acquiring an additional 452,669 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in Canada Goose by 74.1% in the 2nd quarter. Stephens Investment Management Group LLC now owns 917,789 shares of the company’s stock valued at $35,546,000 after acquiring an additional 390,624 shares in the last quarter. Finally, UBS Group AG raised its holdings in Canada Goose by 280.7% in the 2nd quarter. UBS Group AG now owns 203,595 shares of the company’s stock valued at $7,885,000 after acquiring an additional 316,293 shares in the last quarter. 56.84% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on GOOS. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. ValuEngine raised Canada Goose from a “hold” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $62.00 price target (down previously from $72.00) on shares of Canada Goose in a report on Thursday, November 14th. Barclays began coverage on Canada Goose in a report on Monday, November 25th. They issued an “overweight” rating and a $47.00 price target for the company. Finally, DA Davidson cut their price target on Canada Goose from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.63.
Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.22. Canada Goose had a return on equity of 41.67% and a net margin of 15.66%. The company had revenue of $294.00 million for the quarter, compared to analyst estimates of $267.29 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. Sell-side analysts forecast that Canada Goose Holdings Inc will post 1.26 EPS for the current year.
Canada Goose Company Profile
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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