Signition LP reduced its holdings in Canada Goose Holdings Inc (NYSE:GOOS) by 72.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the company’s stock after selling 13,200 shares during the period. Signition LP’s holdings in Canada Goose were worth $240,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in Canada Goose during the 3rd quarter worth $2,295,000. Vanguard Group Inc. raised its position in Canada Goose by 3,727.0% during the 3rd quarter. Vanguard Group Inc. now owns 993,272 shares of the company’s stock worth $64,107,000 after purchasing an additional 967,318 shares during the last quarter. Vanguard Group Inc raised its position in Canada Goose by 3,727.0% during the 3rd quarter. Vanguard Group Inc now owns 993,272 shares of the company’s stock worth $64,107,000 after purchasing an additional 967,318 shares during the last quarter. IFP Advisors Inc raised its position in Canada Goose by 43.8% during the 4th quarter. IFP Advisors Inc now owns 719 shares of the company’s stock worth $30,000 after purchasing an additional 219 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Canada Goose by 32.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 41,823 shares of the company’s stock worth $1,829,000 after acquiring an additional 10,294 shares in the last quarter. 49.56% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on GOOS. Zacks Investment Research raised Canada Goose from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, April 17th. Wells Fargo & Co lowered Canada Goose from an “outperform” rating to a “market perform” rating and set a $48.00 price objective for the company. in a research report on Thursday, January 24th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.86.
Shares of Canada Goose stock opened at $51.27 on Friday. Canada Goose Holdings Inc has a one year low of $36.61 and a one year high of $72.27. The stock has a market capitalization of $5.63 billion, a P/E ratio of 78.88, a PEG ratio of 1.29 and a beta of 2.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.58 and a quick ratio of 1.32.
Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, February 14th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Canada Goose had a return on equity of 52.29% and a net margin of 17.71%. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $360.13 million. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue was up 50.2% compared to the same quarter last year. Analysts expect that Canada Goose Holdings Inc will post 0.98 EPS for the current fiscal 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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