Shikiar Asset Management Inc. boosted its position in Canada Goose Holdings Inc (NYSE:GOOS) by 42.5% in the 3rd quarter, Holdings Channel reports. The firm owned 15,100 shares of the company’s stock after buying an additional 4,500 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Canada Goose were worth $975,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOS. IFG Advisory LLC bought a new stake in shares of Canada Goose during the third quarter valued at approximately $504,000. American Century Companies Inc. bought a new stake in shares of Canada Goose during the third quarter valued at approximately $27,610,000. CIBC Asset Management Inc raised its stake in shares of Canada Goose by 19.8% during the third quarter. CIBC Asset Management Inc now owns 25,469 shares of the company’s stock valued at $1,639,000 after acquiring an additional 4,202 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of Canada Goose by 164.9% during the third quarter. Morse Asset Management Inc now owns 12,700 shares of the company’s stock valued at $820,000 after acquiring an additional 7,905 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Canada Goose during the third quarter valued at approximately $624,000. 38.71% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on GOOS shares. Barclays reaffirmed a “buy” rating and set a $72.00 price target on shares of Canada Goose in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Robert W. Baird downgraded shares of Canada Goose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 1st. Finally, DA Davidson started coverage on shares of Canada Goose in a research note on Tuesday, September 25th. They set a “buy” rating and a $68.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $59.11.
Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $44.70 million during the quarter, compared to the consensus estimate of $35.72 million. Canada Goose had a net margin of 14.80% and a return on equity of 41.49%. Canada Goose’s revenue for the quarter was up 58.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. On average, sell-side analysts predict that Canada Goose Holdings Inc will post 0.86 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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