Marshall Wace LLP Acquires 81,090 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Marshall Wace LLP lifted its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,087,414 shares of the company’s stock after buying an additional 81,090 shares during the quarter. Marshall Wace LLP owned about 1.13% of Canada Goose worth $14,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Canada Goose by 94.3% during the 2nd quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after acquiring an additional 13,300 shares during the period. TD Asset Management Inc grew its stake in Canada Goose by 15.5% in the second quarter. TD Asset Management Inc now owns 147,452 shares of the company’s stock worth $1,906,000 after purchasing an additional 19,761 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $177,000 after purchasing an additional 2,002 shares in the last quarter. GAM Holding AG lifted its position in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after buying an additional 8,430 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Canada Goose by 14.4% during the 2nd quarter. Raymond James & Associates now owns 214,773 shares of the company’s stock valued at $2,777,000 after buying an additional 27,029 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Canada Goose Stock Up 6.9 %

Canada Goose stock opened at $12.68 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 0.58 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. Canada Goose Holdings Inc. has a 12 month low of $9.80 and a 12 month high of $15.09. The stock has a fifty day simple moving average of $11.00 and a two-hundred day simple moving average of $11.94.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOS. UBS Group decreased their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wedbush initiated coverage on shares of Canada Goose in a report on Friday, July 19th. They set an “outperform” rating for the company. 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 research note on Friday, August 2nd. Finally, Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.07.

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.