State of Tennessee Treasury Department acquired a new position in Canada Goose Holdings Inc. (NYSE:GOOS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 213,861 shares of the company’s stock, valued at approximately $4,224,000. State of Tennessee Treasury Department owned approximately 0.59% of Canada Goose Holdings at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC bought a new position in Canada Goose Holdings in the 1st quarter worth $45,624,000. Eagle Asset Management Inc. raised its holdings in Canada Goose Holdings by 165.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock worth $14,246,000 after purchasing an additional 449,182 shares in the last quarter. 1060 Capital LLC bought a new position in Canada Goose Holdings in the 1st quarter worth $7,996,000. FIL Ltd bought a new position in Canada Goose Holdings in the 1st quarter worth $6,963,000. Finally, Artisan Partners Limited Partnership bought a new position in Canada Goose Holdings in the 1st quarter worth $5,538,000. Institutional investors and hedge funds own 26.23% of the company’s stock.
Several research analysts have commented on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Canaccord Genuity restated a “buy” rating on shares of Canada Goose Holdings in a report on Friday, August 11th. Nomura restated a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th. Robert W. Baird restated a “neutral” rating on shares of Canada Goose Holdings in a report on Thursday, August 10th. Finally, Bank of America Corporation upgraded shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$26.73.
Canada Goose Holdings Inc. (GOOS) opened at 19.62 on Wednesday. The company has a market capitalization of $2.10 billion and a price-to-earnings ratio of 109.00. Canada Goose Holdings Inc. has a 52 week low of $15.20 and a 52 week high of $24.32. The company has a 50 day moving average of $18.55 and a 200 day moving average of $18.26.
Canada Goose Holdings (NYSE:GOOS) last released its quarterly earnings data on Thursday, August 10th. The company reported C($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million during the quarter, compared to analysts’ expectations of C$16.50 million. The firm’s revenue was up 79.6% compared to the same quarter last year. On average, equities analysts forecast that Canada Goose Holdings Inc. will post $0.45 EPS for the current fiscal year.
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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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