Benjamin F. Edwards & Company Inc. Lowers Holdings in Canada Goose Holdings Inc (NYSE:GOOS)

Benjamin F. Edwards & Company Inc. decreased its holdings in Canada Goose Holdings Inc (NYSE:GOOS) by 26.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,322 shares of the company’s stock after selling 1,571 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Canada Goose were worth $190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kistler Tiffany Companies LLC purchased a new position in shares of Canada Goose in the second quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC purchased a new position in Canada Goose in the second quarter worth approximately $52,000. Valeo Financial Advisors LLC lifted its stake in Canada Goose by 2,700.0% in the second quarter. Valeo Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $81,000 after acquiring an additional 2,025 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Canada Goose in the second quarter worth approximately $112,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Canada Goose in the second quarter worth approximately $116,000. 50.95% of the stock is owned by institutional investors and hedge funds.

Shares of Canada Goose stock opened at $35.71 on Friday. Canada Goose Holdings Inc has a 52-week low of $31.67 and a 52-week high of $71.58. The company has a 50 day moving average of $40.04 and a 200 day moving average of $41.71. The company has a quick ratio of 0.76, a current ratio of 3.38 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $4.29 billion, a P/E ratio of 35.01, a P/E/G ratio of 1.41 and a beta of 3.13.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $267.29 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, research analysts anticipate that Canada Goose Holdings Inc will post 1.26 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of Canada Goose to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 price target (down previously from $72.00) on shares of Canada Goose in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.69.

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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Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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