Brown Advisory Inc. increased its holdings in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 180.3% in the third quarter, Holdings Channel reports. The firm owned 37,932 shares of the company’s stock after buying an additional 24,400 shares during the period. Brown Advisory Inc.’s holdings in Canada Goose were worth $2,448,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. GWM Advisors LLC acquired a new stake in shares of Canada Goose during the 3rd quarter worth about $215,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Canada Goose during the 2nd quarter worth about $208,000. Commonwealth Equity Services LLC acquired a new position in Canada Goose in the 2nd quarter valued at about $215,000. Raymond James & Associates acquired a new position in Canada Goose in the 2nd quarter valued at about $215,000. Finally, First Trust Advisors LP acquired a new position in Canada Goose in the 2nd quarter valued at about $246,000. 38.32% of the stock is owned by hedge funds and other institutional investors.
NYSE GOOS opened at $58.45 on Friday. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 82.38, a PEG ratio of 1.99 and a beta of 2.31. 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 Holdings Inc has a 1-year low of $26.28 and a 1-year high of $72.27.
Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, November 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. The company had revenue of $230.30 million during the quarter, compared to the consensus estimate of $197.99 million. Canada Goose had a return on equity of 44.05% and a net margin of 15.35%. Canada Goose’s revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, sell-side analysts forecast that Canada Goose Holdings Inc will post 1.01 earnings per share for the current fiscal year.
GOOS has been the subject of several research reports. DA Davidson initiated coverage on Canada Goose in a research report on Tuesday, September 25th. They issued a “buy” rating and a $68.00 target price for the company. Zacks Investment Research downgraded Canada Goose from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Royal Bank of Canada lifted their target price on Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 14th. Credit Suisse Group lifted their target price on Canada Goose from $88.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Finally, Canaccord Genuity set a $102.00 target price on Canada Goose and gave the company a “buy” rating in a research report on Thursday, November 15th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $78.67.
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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.
Further Reading: The Discount Rate – What You Need to Know
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