Dimensional Fund Advisors LP Reduces Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Dimensional Fund Advisors LP cut its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 4.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 147,896 shares of the company’s stock after selling 6,995 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Canada Goose were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GOOS. Raymond James & Associates grew its holdings in shares of Canada Goose by 14.4% during the second 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 during the last quarter. SG Americas Securities LLC grew its holdings in shares of Canada Goose by 253.4% during the first quarter. SG Americas Securities LLC now owns 36,927 shares of the company’s stock valued at $445,000 after buying an additional 26,477 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after buying an additional 19,953 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Canada Goose by 15.5% during the second quarter. TD Asset Management Inc now owns 147,452 shares of the company’s stock valued at $1,906,000 after buying an additional 19,761 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Canada Goose by 59.3% during the first quarter. Russell Investments Group Ltd. now owns 52,639 shares of the company’s stock valued at $635,000 after buying an additional 19,586 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GOOS shares. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Barclays lowered their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Wedbush initiated coverage on shares of Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Finally, UBS Group lowered their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.07.

Canada Goose Trading Up 2.7 %

Shares of Canada Goose stock opened at $11.84 on Friday. The firm has a 50-day simple moving average of $11.14 and a two-hundred day simple moving average of $11.91. The company has a market cap of $1.15 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. Canada Goose Holdings Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. The business had revenue of $64.39 million during 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%. As a group, equities analysts predict that Canada Goose Holdings Inc. will post 0.84 earnings per share for the current fiscal 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.