FIL Ltd lifted its position in Canada Goose Holdings Inc (NYSE:GOOS) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,774,758 shares of the company’s stock after purchasing an additional 27,494 shares during the quarter. FIL Ltd owned about 6.16% of Canada Goose worth $325,367,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in GOOS. Artisan Partners Limited Partnership boosted its stake in Canada Goose by 8.9% during the first quarter. Artisan Partners Limited Partnership now owns 4,601,089 shares of the company’s stock worth $220,944,000 after buying an additional 374,922 shares during the period. American Century Companies Inc. boosted its stake in shares of Canada Goose by 548.2% in the fourth quarter. American Century Companies Inc. now owns 2,772,833 shares of the company’s stock valued at $121,228,000 after purchasing an additional 2,345,042 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Canada Goose by 61.0% in the first quarter. Eagle Asset Management Inc. now owns 2,264,991 shares of the company’s stock valued at $108,771,000 after purchasing an additional 857,837 shares during the period. Carillon Tower Advisers Inc. boosted its stake in shares of Canada Goose by 87.3% in the first quarter. Carillon Tower Advisers Inc. now owns 1,577,191 shares of the company’s stock valued at $75,736,000 after purchasing an additional 735,301 shares during the period. Finally, Key Square Capital Management LLC purchased a new position in shares of Canada Goose in the fourth quarter valued at approximately $39,349,000. 51.12% of the stock is owned by hedge funds and other institutional investors.
GOOS traded up $1.21 during trading on Friday, hitting $38.73. The company’s stock had a trading volume of 1,047,353 shares, compared to its average volume of 2,219,565. The company’s 50 day moving average price is $40.70. The company has a quick ratio of 1.07, a current ratio of 3.02 and a debt-to-equity ratio of 0.36. Canada Goose Holdings Inc has a 12 month low of $31.67 and a 12 month high of $72.27. The company has a market capitalization of $4.20 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 1.02 and a beta of 3.15.
GOOS has been the topic of several analyst reports. Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, April 17th. HSBC initiated coverage on shares of Canada Goose in a report on Monday, May 20th. They set a “buy” rating and a $48.32 price objective on the stock. Goldman Sachs Group raised shares of Canada Goose from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $65.00 to $47.00 in a report on Friday, May 31st. Bank of America cut shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 target price on the stock. in a report on Thursday, May 30th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Canada Goose in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Canada Goose has a consensus rating of “Buy” and a consensus price target of $69.64.
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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