Alberta Investment Management Corp Purchases New Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Alberta Investment Management Corp purchased a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) in the fourth quarter, Holdings Channel reports. The firm purchased 74,500 shares of the company’s stock, valued at approximately $748,000.

A number of other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock valued at $7,138,000 after purchasing an additional 3,338 shares during the period. Toronto Dominion Bank lifted its holdings in Canada Goose by 28.3% during the third quarter. Toronto Dominion Bank now owns 31,430 shares of the company’s stock worth $394,000 after buying an additional 6,930 shares during the period. DGS Capital Management LLC lifted its holdings in Canada Goose by 75.0% during the fourth quarter. DGS Capital Management LLC now owns 18,348 shares of the company’s stock worth $184,000 after buying an additional 7,863 shares during the period. Finally, Olympiad Research LP purchased a new stake in Canada Goose during the third quarter worth $175,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOS has been the subject of a number of analyst reports. Evercore ISI lowered their target price on Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group lowered their target price on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a report on Tuesday, December 10th. Finally, Barclays lowered their target price on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.60.

Canada Goose Stock Performance

Shares of GOOS stock opened at $10.40 on Friday. The business’s fifty day simple moving average is $10.26 and its 200-day simple moving average is $10.45. The company has a market cap of $1.01 billion, a PE ratio of 19.99, a PEG ratio of 1.00 and a beta of 1.31. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. Canada Goose Holdings Inc. has a 12-month low of $9.23 and a 12-month high of $14.75.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. Analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

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.