Mackenzie Financial Corp Sells 32,672 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Mackenzie Financial Corp lessened its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 52.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,404 shares of the company’s stock after selling 32,672 shares during the period. Mackenzie Financial Corp’s holdings in Canada Goose were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares during the last quarter. Claro Advisors LLC acquired a new stake in Canada Goose in the 1st quarter worth approximately $210,000. BNP Paribas Financial Markets boosted its position in Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after purchasing an additional 19,953 shares during the period. GAM Holding AG grew its holdings in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after purchasing an additional 8,430 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Canada Goose in the second quarter valued at approximately $338,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $12.04 on Friday. The firm has a market capitalization of $1.16 billion, a PE ratio of 32.54, a PEG ratio of 0.58 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. Canada Goose Holdings Inc. has a 1-year low of $9.80 and a 1-year high of $14.75. The business’s 50 day moving average is $11.07 and its 200-day moving average is $11.92.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The firm had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $63.47 million. Sell-side analysts predict that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on GOOS shares. Raymond James downgraded shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Barclays lowered their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Wedbush started coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating for the company. Finally, UBS Group lowered their target price on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.07.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.