First Trust Advisors LP acquired a new stake in Canada Goose Holdings Inc (NYSE:GOOS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,179 shares of the company’s stock, valued at approximately $246,000.

Several other large investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Canada Goose by 184.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,304,231 shares of the company’s stock valued at $76,661,000 after purchasing an additional 845,125 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Canada Goose by 9.7% in the first quarter. OppenheimerFunds Inc. now owns 913,132 shares of the company’s stock valued at $30,517,000 after purchasing an additional 80,585 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Canada Goose by 51.6% in the first quarter. JPMorgan Chase & Co. now owns 687,287 shares of the company’s stock valued at $22,969,000 after purchasing an additional 233,940 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Canada Goose by 111.1% in the first quarter. New York State Common Retirement Fund now owns 485,039 shares of the company’s stock valued at $16,210,000 after purchasing an additional 255,303 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in shares of Canada Goose in the first quarter valued at $14,623,000. Hedge funds and other institutional investors own 38.59% of the company’s stock.

Several equities analysts have commented on the stock. DA Davidson initiated coverage on shares of Canada Goose in a report on Tuesday. They issued a “buy” rating on the stock. Barclays restated a “buy” rating and issued a $72.00 price target on shares of Canada Goose in a research note on Wednesday, August 8th. Robert W. Baird downgraded shares of Canada Goose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 1st. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday, June 26th. Finally, Goldman Sachs Group initiated coverage on shares of Canada Goose in a research note on Monday, June 25th. They issued a “neutral” rating and a $69.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Canada Goose presently has an average rating of “Buy” and a consensus price target of $58.00.

GOOS stock opened at $57.99 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.71 and a current ratio of 3.24. Canada Goose Holdings Inc has a 52 week low of $19.18 and a 52 week high of $68.75. The stock has a market capitalization of $6.25 billion, a P/E ratio of 89.22, a price-to-earnings-growth ratio of 2.52 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, August 9th. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.02. Canada Goose had a net margin of 14.80% and a return on equity of 41.49%. The business had revenue of $44.70 million for the quarter, compared to the consensus estimate of $35.72 million. During the same period in the prior year, the company posted ($0.13) earnings per share. Canada Goose’s revenue was up 58.5% compared to the same quarter last year. analysts predict that Canada Goose Holdings Inc will post 0.87 EPS for the current year.

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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Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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