Scheer Rowlett & Associates Investment Management Ltd. Buys 14,341 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Scheer Rowlett & Associates Investment Management Ltd. raised its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,218,326 shares of the company’s stock after purchasing an additional 14,341 shares during the period. Canada Goose accounts for approximately 0.9% of Scheer Rowlett & Associates Investment Management Ltd.’s portfolio, making the stock its 26th largest position. Scheer Rowlett & Associates Investment Management Ltd.’s holdings in Canada Goose were worth $12,223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Canada Goose by 42.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock valued at $69,595,000 after acquiring an additional 1,667,750 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Canada Goose during the fourth quarter valued at about $3,769,000. Pier Capital LLC purchased a new position in Canada Goose during the third quarter worth about $2,057,000. Tenzing Global Management LLC grew its position in Canada Goose by 20.0% in the 3rd quarter. Tenzing Global Management LLC now owns 150,000 shares of the company’s stock worth $1,880,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Canada Goose during the 4th quarter worth approximately $748,000. 83.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Canada Goose Price Performance

Canada Goose stock opened at $9.63 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.44. The stock has a market cap of $931.76 million, a price-to-earnings ratio of 18.51, a PEG ratio of 1.00 and a beta of 1.31. Canada Goose Holdings Inc. has a 52 week low of $9.23 and a 52 week high of $14.75.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. On average, research analysts forecast 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.