The Manufacturers Life Insurance Company Boosts Holdings in Canada Goose Holdings Inc. $GOOS

The Manufacturers Life Insurance Company lifted its stake in Canada Goose Holdings Inc. (NYSE:GOOS) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,363,960 shares of the company’s stock after buying an additional 39,012 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Canada Goose worth $42,643,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in shares of Canada Goose by 10.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock valued at $167,000 after buying an additional 1,578 shares during the last quarter. TD Asset Management Inc grew its position in shares of Canada Goose by 3.3% in the 1st quarter. TD Asset Management Inc now owns 51,512 shares of the company’s stock valued at $408,000 after buying an additional 1,656 shares during the last quarter. Mackenzie Financial Corp grew its position in 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 last quarter. Envestnet Asset Management Inc. grew its position in 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 last quarter. Finally, Deutsche Bank AG grew its position in 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 last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GOOS shares. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Cowen reissued a “hold” rating on shares of Canada Goose in a research report on Thursday, May 22nd. Evercore ISI set a $11.00 price objective on shares of Canada Goose and gave the stock an “in-line” rating in a research report on Thursday, May 22nd. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company raised shares of Canada Goose from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.40.

Canada Goose Stock Down 1.6%

Shares of NYSE:GOOS opened at $12.97 on Monday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 0.97 and a beta of 1.45. The firm’s 50-day simple moving average is $12.39 and its 200-day simple moving average is $10.48. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $15.43.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.04). The firm had revenue of $77.91 million during the quarter, compared to analysts’ expectations 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 firm earned $0.78 EPS. As a group, equities research analysts predict that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current 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.