Fred Alger Management Inc. raised its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 56.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 813,020 shares of the company’s stock after purchasing an additional 292,805 shares during the period. Fred Alger Management Inc. owned 0.76% of Canada Goose Holdings worth $16,057,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Canada Goose Holdings by 377.3% during the 2nd quarter. Royal Bank of Canada now owns 282,372 shares of the company’s stock valued at $5,578,000 after purchasing an additional 223,217 shares during the period. L & S Advisors Inc acquired a new position in Canada Goose Holdings during the 2nd quarter valued at about $1,561,000. UBS Oconnor LLC boosted its stake in Canada Goose Holdings by 46.9% during the 2nd quarter. UBS Oconnor LLC now owns 338,729 shares of the company’s stock valued at $6,690,000 after purchasing an additional 108,141 shares during the period. Balyasny Asset Management LLC acquired a new position in Canada Goose Holdings during the 2nd quarter valued at about $4,256,000. Finally, Bayesian Capital Management LP acquired a new position in Canada Goose Holdings during the 2nd quarter valued at about $226,000. 26.23% of the stock is owned by hedge funds and other institutional investors.

GOOS has been the subject of a number of analyst reports. Canaccord Genuity reissued a “buy” rating on shares of Canada Goose Holdings in a research note on Friday, August 11th. Bank of America Corporation raised shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, August 30th. Nomura reissued a “hold” rating on shares of Canada Goose Holdings in a research note on Saturday, August 12th. Finally, BidaskClub raised shares of Canada Goose Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$26.82.

Shares of Canada Goose Holdings Inc. (NYSE GOOS) opened at 20.40 on Friday. The stock has a 50 day moving average of $19.06 and a 200-day moving average of $18.51. The firm has a market capitalization of $2.18 billion and a price-to-earnings ratio of 108.51. Canada Goose Holdings Inc. has a 52 week low of $15.20 and a 52 week high of $24.32.

Canada Goose Holdings (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to the consensus estimate of C$16.50 million. Canada Goose Holdings’s quarterly revenue was up 79.6% on a year-over-year basis. Analysts expect that Canada Goose Holdings Inc. will post $0.44 earnings per share for the current year.

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Canada Goose Holdings Profile

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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