Raymond James & Associates Purchases 118,291 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Raymond James & Associates grew its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 55.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 333,064 shares of the company’s stock after purchasing an additional 118,291 shares during the period. Raymond James & Associates owned approximately 0.34% of Canada Goose worth $4,173,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $177,000 after purchasing an additional 2,002 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Canada Goose by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock valued at $7,297,000 after purchasing an additional 2,752 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in shares of Canada Goose by 10.0% in the first quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock valued at $858,000 after purchasing an additional 6,442 shares in the last quarter. GAM Holding AG lifted its holdings in shares of Canada Goose by 50.9% in 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 in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock valued at $354,000 after purchasing an additional 13,300 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Price Performance

NYSE:GOOS opened at $9.74 on Friday. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $11.03 and its two-hundred day moving average price is $11.81. The firm has a market capitalization of $942.15 million, a price-to-earnings ratio of 27.06, a P/E/G ratio of 0.54 and a beta of 1.35. Canada Goose Holdings Inc. has a 12-month low of $9.68 and a 12-month high of $14.75.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.02. The firm had revenue of $64.39 million for the quarter, compared to analyst estimates of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. On average, analysts anticipate that Canada Goose Holdings Inc. will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

GOOS has been the topic of several analyst reports. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Barclays dropped their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Wedbush initiated coverage on Canada Goose in a report on Friday, July 19th. They set an “outperform” rating on the stock. The Goldman Sachs Group reiterated a “sell” rating and set a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Finally, Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Canada Goose has a consensus rating of “Hold” and an average price target of $11.80.

Canada Goose 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.