Swiss National Bank boosted its stake in Canada Goose Holdings Inc (NYSE:GOOS) by 2.5% in the third quarter, HoldingsChannel.com reports. The firm owned 86,100 shares of the company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank’s holdings in Canada Goose were worth $5,525,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Radnor Capital Management LLC grew its holdings in Canada Goose by 5.1% in the third quarter. Radnor Capital Management LLC now owns 19,030 shares of the company’s stock worth $1,228,000 after purchasing an additional 930 shares during the period. Northern Trust Corp grew its holdings in Canada Goose by 13.9% in the second quarter. Northern Trust Corp now owns 14,296 shares of the company’s stock worth $841,000 after purchasing an additional 1,740 shares during the period. First Manhattan Co. acquired a new stake in Canada Goose in the second quarter worth $117,000. Adviser Investments LLC acquired a new stake in Canada Goose in the second quarter worth $168,000. Finally, BlackRock Inc. grew its holdings in Canada Goose by 9.1% in the first quarter. BlackRock Inc. now owns 37,504 shares of the company’s stock worth $1,253,000 after purchasing an additional 3,128 shares during the period. Institutional investors and hedge funds own 39.90% of the company’s stock.
GOOS has been the subject of a number of research reports. Barclays restated a “buy” rating and issued a $72.00 price target on shares of Canada Goose in a report on Wednesday, August 8th. DA Davidson initiated coverage on shares of Canada Goose in a report on Tuesday, September 25th. They issued a “buy” rating and a $68.00 price target for the company. Zacks Investment Research cut shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Royal Bank of Canada raised their price target on shares of Canada Goose from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 14th. Finally, Credit Suisse Group raised their price target on shares of Canada Goose from $88.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, November 15th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $78.67.
Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, November 14th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The firm had revenue of $230.30 million for the quarter, compared to analyst estimates of $197.99 million. During the same period last year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. Equities research analysts predict that Canada Goose Holdings Inc will post 1.01 EPS for the current year.
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Canada Goose 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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