Thrivent Financial for Lutherans Purchases 8,380 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Thrivent Financial for Lutherans increased its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 52.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,290 shares of the company’s stock after buying an additional 8,380 shares during the period. Thrivent Financial for Lutherans’ holdings in Canada Goose were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOS. Advisor Group Holdings Inc. increased its holdings in shares of Canada Goose by 26.9% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,634 shares of the company’s stock worth $115,000 after purchasing an additional 559 shares during the period. US Bancorp DE increased its holdings in shares of Canada Goose by 850.0% during the 2nd quarter. US Bancorp DE now owns 2,831 shares of the company’s stock worth $124,000 after purchasing an additional 2,533 shares during the period. KB Financial Partners LLC bought a new position in shares of Canada Goose during the 1st quarter worth about $125,000. JPMorgan Chase & Co. increased its holdings in shares of Canada Goose by 38.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,639 shares of the company’s stock worth $159,000 after purchasing an additional 1,005 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Canada Goose during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 45.40% of the company’s stock.

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Canada Goose from C$65.00 to C$80.00 and gave the company an “outperform” rating in a research report on Monday, November 8th. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, November 10th. TD Securities lifted their target price on shares of Canada Goose from C$54.00 to C$60.00 and gave the company a “hold” rating in a research report on Monday, November 8th. CIBC lowered shares of Canada Goose from an “outperform” rating to a “neutral” rating in a research report on Monday, November 8th. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their target price on shares of Canada Goose from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday, November 8th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $55.50.

NYSE:GOOS opened at $48.27 on Thursday. The firm has a market cap of $5.16 billion, a PE ratio of 120.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.61. Canada Goose Holdings Inc. has a 12 month low of $28.10 and a 12 month high of $53.64. The company has a quick ratio of 0.86, a current ratio of 2.19 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $41.31 and its two-hundred day moving average price is $40.69.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Friday, November 5th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.18. Canada Goose had a net margin of 5.98% and a return on equity of 13.63%. The firm had revenue of $232.90 million for the quarter, compared to analyst estimates of $205.95 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts expect that Canada Goose Holdings Inc. will post 1.06 EPS for the current fiscal year.

Canada Goose Profile

Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.

Further Reading: Systematic Risk and Investors

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

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