The Manufacturers Life Insurance Company Grows Stock Holdings in Canada Goose Holdings Inc. (NYSE:GOOS)

The Manufacturers Life Insurance Company grew its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 42.9% during the third quarter, HoldingsChannel.com reports. The fund owned 5,554,279 shares of the company’s stock after purchasing an additional 1,667,750 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Canada Goose worth $69,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOS. Russell Investments Group Ltd. raised its position in Canada Goose by 59.3% in the first quarter. Russell Investments Group Ltd. now owns 52,639 shares of the company’s stock valued at $635,000 after purchasing an additional 19,586 shares during the period. Strategic Wealth Partners Ltd. lifted its position in Canada Goose by 10.0% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock worth $858,000 after acquiring an additional 6,442 shares in the last quarter. Raymond James & Associates boosted its holdings in Canada Goose by 14.4% in the 2nd quarter. Raymond James & Associates now owns 214,773 shares of the company’s stock worth $2,777,000 after acquiring an additional 27,029 shares during the period. GAM Holding AG grew its position in Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after acquiring an additional 8,430 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after purchasing an additional 2,002 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Trading Up 0.8 %

Shares of NYSE GOOS opened at $9.47 on Thursday. The business has a fifty day simple moving average of $10.56 and a 200-day simple moving average of $11.60. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The company has a market cap of $916.12 million, a price-to-earnings ratio of 25.62, a P/E/G ratio of 0.59 and a beta of 1.35. Canada Goose Holdings Inc. has a 12 month low of $9.23 and a 12 month high of $14.75.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOS shares. UBS Group lowered their price target on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Barclays reduced their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, The Goldman Sachs Group restated a “sell” rating and set a $9.00 price objective (down from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.80.

Canada Goose 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.