Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Canada Goose Holdings Inc (NYSE:GOOS) by 1,728.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 285,300 shares of the company’s stock after buying an additional 269,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.26% of Canada Goose worth $23,737,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Radnor Capital Management LLC raised its position in Canada Goose by 5.1% in the third quarter. Radnor Capital Management LLC now owns 19,030 shares of the company’s stock valued at $1,228,000 after purchasing an additional 930 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Canada Goose by 4.6% in the third quarter. Pinnacle Associates Ltd. now owns 31,845 shares of the company’s stock worth $2,055,000 after acquiring an additional 1,395 shares in the last quarter. Northern Trust Corp grew its stake in shares of Canada Goose by 13.9% in the second quarter. Northern Trust Corp now owns 14,296 shares of the company’s stock worth $841,000 after acquiring an additional 1,740 shares in the last quarter. Swiss National Bank grew its stake in shares of Canada Goose by 2.5% in the third quarter. Swiss National Bank now owns 86,100 shares of the company’s stock worth $5,525,000 after acquiring an additional 2,100 shares in the last quarter. Finally, GWM Advisors LLC acquired a new position in shares of Canada Goose in the third quarter worth $215,000. Institutional investors own 38.12% of the company’s stock.
GOOS traded down $1.31 on Thursday, reaching $47.93. The company had a trading volume of 2,904,193 shares, compared to its average volume of 2,450,344. Canada Goose Holdings Inc has a 1 year low of $28.41 and a 1 year high of $72.27. The stock has a market cap of $4.91 billion, a PE ratio of 73.74, a price-to-earnings-growth ratio of 1.51 and a beta of 3.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.91 and a quick ratio of 1.73.
Canada Goose (NYSE:GOOS) last announced its earnings results on Wednesday, November 14th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The business had revenue of $230.30 million during the quarter, compared to analysts’ expectations of $197.99 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. As a group, equities analysts expect that Canada Goose Holdings Inc will post 0.95 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Cowen restated a “buy” rating and issued a $77.00 price target on shares of Canada Goose in a research note on Monday, November 19th. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating and set a $78.00 target price for the company in a research note on Friday, November 16th. DA Davidson boosted their target price on shares of Canada Goose to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. Barclays boosted their target price on shares of Canada Goose from $72.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, November 15th. Finally, Canaccord Genuity set a $102.00 target price on shares of Canada Goose and gave the stock a “buy” rating in a research note on Thursday, November 15th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.31.
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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.
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