Claro Advisors LLC Sells 1,896 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Claro Advisors LLC lowered its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,511 shares of the company’s stock after selling 1,896 shares during the quarter. Claro Advisors LLC’s holdings in Canada Goose were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Patient Capital Management LLC raised its position in Canada Goose by 16.0% in the 4th quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock worth $45,537,000 after buying an additional 529,177 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Canada Goose by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,543,561 shares of the company’s stock valued at $41,991,000 after purchasing an additional 201,325 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Canada Goose by 1.2% during the first quarter. Pinnacle Associates Ltd. now owns 609,408 shares of the company’s stock valued at $7,349,000 after purchasing an additional 7,067 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Canada Goose by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock worth $7,297,000 after purchasing an additional 2,752 shares during the last quarter. Finally, Raymond James & Associates grew its position in Canada Goose by 14.4% in the 2nd quarter. Raymond James & Associates now owns 214,773 shares of the company’s stock worth $2,777,000 after purchasing an additional 27,029 shares during the period. 83.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GOOS shares. UBS Group lowered their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wedbush began coverage on Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Evercore ISI raised their target price on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Friday, May 17th. Barclays reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Canada Goose from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.07.

Canada Goose Stock Up 2.1 %

GOOS stock opened at $11.67 on Tuesday. The business’s 50-day moving average price is $11.69 and its 200-day moving average price is $12.26. The stock has a market cap of $1.13 billion, a P/E ratio of 31.54, a PEG ratio of 0.64 and a beta of 1.35. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. Canada Goose Holdings Inc. has a twelve month low of $9.80 and a twelve month high of $16.56.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.02. The business had revenue of $64.39 million for the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. On average, equities research analysts forecast that Canada Goose Holdings Inc. will post 0.83 EPS for the current year.

Canada Goose Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.