The Manufacturers Life Insurance Company Has $42.64 Million Stock Holdings in Canada Goose Holdings Inc. $GOOS

Key Points

• The Manufacturers Life Insurance Company increased its stake in Canada Goose Holdings Inc. by 0.7%, owning over 5.3 million shares valued at approximately $42.6 million.
• Canada Goose reported a quarterly EPS of ($0.66), missing analysts' expectations, while revenues reached $77.91 million, surpassing estimates of $68.33 million.
• Currently, 83.64% of Canada Goose's stock is owned by institutional investors, with several hedge funds adjusting their stakes significantly in recent quarters.

The Manufacturers Life Insurance Company boosted its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,363,960 shares of the company's stock after purchasing an additional 39,012 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 5.54% of Canada Goose worth $42,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOOS. Deutsche Bank AG boosted its position in Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after purchasing an additional 5,259 shares during the period. MQS Management LLC bought a new stake in Canada Goose during the 1st quarter valued at $86,000. Occudo Quantitative Strategies LP bought a new stake in Canada Goose during the 4th quarter valued at $145,000. Public Employees Retirement System of Ohio raised its stake in Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock valued at $167,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Canada Goose by 62.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company's stock valued at $180,000 after acquiring an additional 8,690 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

GOOS has been the topic of several recent analyst reports. Evercore ISI set a $11.00 target price on Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd. Baird R W raised Canada Goose from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. The Goldman Sachs Group lifted their target price on Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $14.40.

Canada Goose Price Performance

Shares of GOOS traded up $0.26 during midday trading on Friday, reaching $13.38. The stock had a trading volume of 644,770 shares, compared to its average volume of 1,217,066. Canada Goose Holdings Inc. has a 52 week low of $6.73 and a 52 week high of $15.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.02 and a quick ratio of 0.89. The firm's 50 day moving average price is $12.51 and its 200-day moving average price is $10.56. The company has a market capitalization of $1.30 billion, a P/E ratio of 39.37, a P/E/G ratio of 0.98 and a beta of 1.46.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The firm had revenue of $77.91 million during the quarter, compared to the consensus estimate of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.During the same period in the prior year, the firm posted $0.78 EPS. On average, analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Canada Goose Company 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.