Grandview Asset Management LLC bought a new stake in Canada Goose Holdings Inc (NYSE:GOOS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,703 shares of the company’s stock, valued at approximately $512,000.
A number of other hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc increased its position in Canada Goose by 43.8% in the fourth quarter. IFP Advisors Inc now owns 719 shares of the company’s stock worth $30,000 after buying an additional 219 shares in the last quarter. Tower View Investment Management & Research LLC purchased a new stake in Canada Goose in the fourth quarter worth about $26,000. Advisors Asset Management Inc. purchased a new stake in Canada Goose in the fourth quarter worth about $29,000. First Manhattan Co. increased its position in Canada Goose by 50.0% in the fourth quarter. First Manhattan Co. now owns 3,000 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares in the last quarter. Finally, BB&T Securities LLC increased its position in Canada Goose by 24.5% in the fourth quarter. BB&T Securities LLC now owns 6,748 shares of the company’s stock worth $295,000 after buying an additional 1,329 shares in the last quarter. 38.13% of the stock is currently owned by institutional investors.
A number of brokerages have commented on GOOS. Wells Fargo & Co cut Canada Goose from an “outperform” rating to a “market perform” rating and set a $48.00 price target for the company. in a research report on Thursday, January 24th. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. TD Securities upgraded Canada Goose from a “hold” rating to a “buy” rating and cut their target price for the stock from $93.00 to $84.00 in a research report on Thursday, January 3rd. Susquehanna Bancshares initiated coverage on Canada Goose in a research report on Monday, December 10th. They set a “positive” rating and a $58.45 target price for the company. Finally, Cowen reiterated a “buy” rating and set a $77.00 target price on shares of Canada Goose in a research report on Monday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Canada Goose presently has an average rating of “Buy” and an average target price of $78.86.
NYSE:GOOS opened at $57.32 on Monday. 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 12-month low of $28.41 and a 12-month high of $72.27. The stock has a market cap of $6.16 billion, a P/E ratio of 88.18, a price-to-earnings-growth ratio of 1.91 and a beta of 2.82.
Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, November 14th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.16. Canada Goose had a return on equity of 44.05% and a net margin of 15.35%. The firm had revenue of $230.30 million during the quarter, compared to analysts’ expectations of $197.99 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. As a group, research analysts anticipate that Canada Goose Holdings Inc will post 0.94 EPS for the current year.
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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.
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