Eagle Asset Management Inc. Decreases Holdings in Canada Goose Holdings Inc (GOOS)
Eagle Asset Management Inc. reduced its holdings in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 40.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 513,468 shares of the company’s stock after selling 352,960 shares during the quarter. Eagle Asset Management Inc.’s holdings in Canada Goose were worth $33,139,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOS. First Manhattan Co. purchased a new position in shares of Canada Goose in the second quarter valued at $117,000. Adviser Investments LLC purchased a new position in shares of Canada Goose in the second quarter valued at $168,000. GWM Advisors LLC purchased a new position in shares of Canada Goose in the third quarter valued at $215,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Canada Goose in the second quarter valued at $208,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Canada Goose in the second quarter valued at $215,000. Institutional investors own 39.90% of the company’s stock.
GOOS has been the subject of several analyst reports. DA Davidson initiated coverage on shares of Canada Goose in a research note on Tuesday, September 25th. They issued a “buy” rating and a $68.00 target price for the company. Zacks Investment Research downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Robert W. Baird downgraded shares of Canada Goose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 1st. Barclays restated a “buy” rating and issued a $72.00 target price on shares of Canada Goose in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada upped their target price on shares of Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $74.70.
Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Wednesday, November 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.16. The firm had revenue of $230.30 million for the quarter, compared to analysts’ expectations of $197.99 million. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. As a group, equities research analysts anticipate that Canada Goose Holdings Inc will post 1.01 EPS for the current fiscal year.
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About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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