Cadence Capital Management LLC bought a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,420 shares of the company’s stock, valued at approximately $561,000.

A number of other large investors have also added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new stake in Canada Goose Holdings during the second quarter valued at approximately $1,913,000. Shikiar Asset Management Inc. acquired a new stake in Canada Goose Holdings during the second quarter valued at approximately $306,000. Segantii Capital Management Ltd acquired a new stake in Canada Goose Holdings during the second quarter valued at approximately $1,481,000. Forward Management LLC acquired a new stake in Canada Goose Holdings during the second quarter valued at approximately $134,000. Finally, Lebenthal Lisanti Capital Growth LLC boosted its stake in Canada Goose Holdings by 96.2% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 43,945 shares of the company’s stock valued at $868,000 after buying an additional 21,545 shares in the last quarter. 26.23% of the stock is owned by institutional investors and hedge funds.

Canada Goose Holdings Inc. (GOOS) opened at 17.60 on Wednesday. The company has a market cap of $1.88 billion and a price-to-earnings ratio of 97.78. Canada Goose Holdings Inc. has a one year low of $15.20 and a one year high of $24.32. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $18.26.

Canada Goose Holdings (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The business had revenue of $28.20 million for the quarter, compared to analysts’ expectations of $16.50 million. Canada Goose Holdings’s revenue for the quarter was up 79.6% compared to the same quarter last year. Equities analysts expect that Canada Goose Holdings Inc. will post $0.43 earnings per share for the current fiscal year.

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Several research firms recently commented on GOOS. Zacks Investment Research cut Canada Goose Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays PLC reaffirmed an “overweight” rating and set a $31.00 target price (up previously from $30.00) on shares of Canada Goose Holdings in a research note on Monday, August 14th. Instinet reaffirmed a “neutral” rating and set a $26.00 target price on shares of Canada Goose Holdings in a research note on Monday, August 14th. Nomura reaffirmed a “hold” rating on shares of Canada Goose Holdings in a research note on Saturday, August 12th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Canada Goose Holdings in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$26.50.

About Canada Goose Holdings

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. 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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Institutional Ownership by Quarter for Canada Goose Holdings (NYSE:GOOS)

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