Northwestern Mutual Wealth Management Co. Sells 697 Shares of Canada Goose Holdings Inc (NYSE:GOOS)

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Northwestern Mutual Wealth Management Co. lessened its holdings in Canada Goose Holdings Inc (NYSE:GOOS) by 37.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,156 shares of the company’s stock after selling 697 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canada Goose were worth $42,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Edge Wealth Management LLC acquired a new stake in shares of Canada Goose in the 4th quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised its position in shares of Canada Goose by 108.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,345 shares of the company’s stock valued at $104,000 after acquiring an additional 1,222 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of Canada Goose in the 3rd quarter valued at approximately $210,000. US Bancorp DE raised its position in shares of Canada Goose by 152.9% in the 4th quarter. US Bancorp DE now owns 4,843 shares of the company’s stock valued at $176,000 after acquiring an additional 2,928 shares during the period. Finally, Advisor Group Inc. raised its position in shares of Canada Goose by 6.9% in the 4th quarter. Advisor Group Inc. now owns 5,207 shares of the company’s stock valued at $188,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 57.66% of the company’s stock.

GOOS stock traded up $0.74 during mid-day trading on Thursday, hitting $20.33. 91,756 shares of the company were exchanged, compared to its average volume of 3,719,979. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.90 and a current ratio of 2.29. The firm has a market cap of $2.19 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.90 and a beta of 2.68. The firm’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $34.87. Canada Goose Holdings Inc has a 1-year low of $12.94 and a 1-year high of $55.49.

Canada Goose (NYSE:GOOS) last announced its earnings results on Friday, February 7th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $342.54 million for the quarter, compared to analyst estimates of $334.61 million. Canada Goose had a return on equity of 41.68% and a net margin of 16.32%. On average, equities research analysts predict that Canada Goose Holdings Inc will post 1 EPS for the current fiscal year.

A number of analysts recently weighed in on GOOS shares. CIBC reiterated a “buy” rating on shares of Canada Goose in a research report on Monday, February 10th. Goldman Sachs Group downgraded shares of Canada Goose from a “buy” rating to a “neutral” rating and cut their price target for the company from $44.00 to $34.00 in a research report on Monday, February 10th. Bank of America reiterated a “hold” rating and issued a $40.00 price target on shares of Canada Goose in a research report on Monday, February 10th. Wells Fargo & Co cut their price target on shares of Canada Goose from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Finally, OTR Global reiterated a “positive” rating on shares of Canada Goose in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $42.94.

About Canada Goose

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.

See Also: Conference Calls and Individual Investors

Want to see what other hedge funds are holding GOOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canada Goose Holdings Inc (NYSE:GOOS).

Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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