Canada Goose Holdings Inc. (NYSE:GOOS) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 42.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,554,279 shares of the company’s stock after acquiring an additional 1,667,750 shares during the period. The Manufacturers Life Insurance Company owned 5.74% of Canada Goose worth $69,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Olympiad Research LP purchased a new stake in shares of Canada Goose in the third quarter valued at about $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canada Goose by 17.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after buying an additional 2,002 shares during the last quarter. GAM Holding AG increased its position in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after buying an additional 8,430 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Canada Goose in the second quarter worth $338,000. Finally, American Century Companies Inc. lifted its position 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 acquiring an additional 13,300 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GOOS shares. The Goldman Sachs Group reissued a “sell” rating and issued a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a research report on Monday, October 21st. Barclays reduced their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Finally, UBS Group dropped their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Canada Goose has a consensus rating of “Hold” and an average target price of $11.80.

Canada Goose Stock Up 0.8 %

Shares of NYSE GOOS opened at $9.47 on Thursday. The stock has a market capitalization of $916.12 million, a PE ratio of 25.62, a P/E/G ratio of 0.59 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average of $10.56 and a 200-day moving average of $11.60. Canada Goose Holdings Inc. has a 52-week low of $9.23 and a 52-week high of $14.75.

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.