Raymond James & Associates Has $4.17 Million Stake in Canada Goose Holdings Inc. (NYSE:GOOS)

Raymond James & Associates increased its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 55.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 333,064 shares of the company’s stock after buying an additional 118,291 shares during the quarter. Raymond James & Associates’ holdings in Canada Goose were worth $4,173,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOS. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares in the last quarter. BNP Paribas Financial Markets grew its position in Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after buying an additional 19,953 shares in the last quarter. GAM Holding AG grew 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 worth $323,000 after buying an additional 8,430 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Canada Goose during the second quarter worth approximately $338,000. Finally, American Century Companies Inc. grew its position in Canada Goose by 94.3% during the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after buying an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOS. Wedbush began coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Barclays reduced their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Finally, UBS Group reduced their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Canada Goose presently has an average rating of “Hold” and an average price target of $11.80.

Canada Goose Trading Down 0.8 %

Shares of GOOS stock opened at $9.74 on Friday. Canada Goose Holdings Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $14.75. The company has a market cap of $942.15 million, a PE ratio of 27.06, a P/E/G ratio of 0.54 and a beta of 1.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. The stock’s fifty day moving average price is $11.03 and its two-hundred day moving average price is $11.81.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $63.47 million. Equities analysts predict that Canada Goose Holdings Inc. will post 0.84 EPS for the current fiscal year.

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.