Northwestern Mutual Wealth Management Co. trimmed its holdings in Canada Goose Holdings Inc (NYSE:GOOS) by 37.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,156 shares of the company’s stock after selling 697 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canada Goose were worth $42,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Edge Wealth Management LLC bought a new stake in Canada Goose in the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its position in Canada Goose by 108.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,345 shares of the company’s stock worth $104,000 after acquiring an additional 1,222 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in Canada Goose in the third quarter worth approximately $210,000. US Bancorp DE boosted its holdings in shares of Canada Goose by 152.9% during the 4th quarter. US Bancorp DE now owns 4,843 shares of the company’s stock worth $176,000 after buying an additional 2,928 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of Canada Goose by 6.9% during the 4th quarter. Advisor Group Inc. now owns 5,207 shares of the company’s stock worth $188,000 after buying an additional 336 shares during the period. 57.66% of the stock is owned by institutional investors.
Several analysts recently issued reports on the stock. TD Securities raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. OTR Global reaffirmed a “positive” rating on shares of Canada Goose in a report on Friday, January 31st. Robert W. Baird raised shares of Canada Goose from a “neutral” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Monday, February 10th. Wells Fargo & Co decreased their price objective on shares of Canada Goose from $44.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Finally, Bank of America reaffirmed a “hold” rating and set a $40.00 price objective on shares of Canada Goose in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Canada Goose currently has an average rating of “Buy” and a consensus price target of $42.94.
NYSE:GOOS traded up $0.74 during trading hours on Thursday, hitting $20.33. 91,756 shares of the company traded hands, compared to its average volume of 3,719,979. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 0.90 and a beta of 2.68. Canada Goose Holdings Inc has a twelve month low of $12.94 and a twelve month high of $55.49. The firm has a 50-day moving average of $25.32 and a 200 day moving average of $34.87. The company has a current ratio of 2.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.65.
Canada Goose (NYSE:GOOS) last released its earnings results on Friday, February 7th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). The company had revenue of $342.54 million for the quarter, compared to analyst estimates of $334.61 million. Canada Goose had a net margin of 16.32% and a return on equity of 41.68%. Equities research analysts predict that Canada Goose Holdings Inc will post 1 earnings per share for the current fiscal year.
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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