The Manufacturers Life Insurance Company Has $50.25 Million Position in Canada Goose Holdings Inc. (NYSE:GOOS)

The Manufacturers Life Insurance Company lowered its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,886,529 shares of the company’s stock after selling 122,228 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Canada Goose were worth $50,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GOOS. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after acquiring an additional 2,002 shares during the last quarter. Claro Advisors LLC bought a new stake in Canada Goose in the first quarter valued at approximately $210,000. BNP Paribas Financial Markets boosted its holdings in Canada Goose by 2,048.6% in the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after acquiring an additional 19,953 shares during the last quarter. GAM Holding AG boosted its holdings in Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after acquiring an additional 8,430 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Canada Goose in the second quarter valued at approximately $338,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of GOOS opened at $12.67 on Monday. Canada Goose Holdings Inc. has a 12-month low of $9.80 and a 12-month high of $15.09. The business’s fifty day moving average is $11.00 and its 200 day moving average is $11.92. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.22 billion, a P/E ratio of 34.24, a P/E/G ratio of 0.58 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The company had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $63.47 million. Sell-side analysts anticipate that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GOOS has been the topic of a number of research analyst reports. Wedbush initiated coverage on Canada Goose in a report on Friday, July 19th. They set an “outperform” rating on the stock. UBS Group cut 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. Barclays cut their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.07.

Canada Goose Company 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.