Laurion Capital Management LP boosted its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 509.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 609,700 shares of the company’s stock after purchasing an additional 509,700 shares during the quarter. Laurion Capital Management LP owned about 1.69% of Canada Goose Holdings worth $12,042,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its stake in Canada Goose Holdings by 2.7% in the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock valued at $160,000 after purchasing an additional 210 shares during the period. NN Investment Partners Holdings N.V. lifted its position in shares of Canada Goose Holdings by 20.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 24,000 shares of the company’s stock valued at $474,000 after acquiring an additional 4,000 shares during the period. Franklin Resources Inc. lifted its position in shares of Canada Goose Holdings by 1.4% during the 2nd quarter. Franklin Resources Inc. now owns 448,900 shares of the company’s stock valued at $8,872,000 after acquiring an additional 6,100 shares during the period. Forward Management LLC bought a new stake in shares of Canada Goose Holdings during the 2nd quarter valued at $134,000. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Canada Goose Holdings during the 2nd quarter valued at $306,000. Institutional investors and hedge funds own 26.23% of the company’s stock.
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GOOS has been the subject of a number of recent analyst reports. Barclays PLC reiterated an “overweight” rating and set a $22.00 target price (up from $19.00) on shares of Canada Goose Holdings in a research report on Monday, June 5th. Bank of America Corporation upgraded Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, June 28th. Zacks Investment Research downgraded Canada Goose Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Wells Fargo & Company reiterated an “outperform” rating and set a $32.00 target price on shares of Canada Goose Holdings in a research report on Monday, June 5th. Finally, ValuEngine downgraded Canada Goose Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$26.91.
Canada Goose Holdings Inc. (NYSE GOOS) traded down 0.80% during mid-day trading on Friday, hitting $19.86. The stock had a trading volume of 518,462 shares. The company has a market cap of $2.12 billion and a price-to-earnings ratio of 108.52. Canada Goose Holdings Inc. has a 12 month low of $9.98 and a 12 month high of $24.32. The firm’s 50-day moving average is $18.59 and its 200 day moving average is $18.31.
Canada Goose Holdings (NYSE:GOOS) last posted its quarterly earnings data on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million for the quarter, compared to the consensus estimate of C$16.50 million. Canada Goose Holdings’s revenue for the quarter was up 79.6% compared to the same quarter last year. Equities analysts anticipate that Canada Goose Holdings Inc. will post $0.45 EPS for the current fiscal year.
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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