Massachusetts Financial Services Co. MA Has $14.69 Million Stake in Canada Goose Holdings Inc. (NYSE:GOOS)

Massachusetts Financial Services Co. MA reduced its position in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 27.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,848,129 shares of the company's stock after selling 694,093 shares during the period. Massachusetts Financial Services Co. MA owned about 1.91% of Canada Goose worth $14,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOS. Deutsche Bank AG increased its stake in shares of Canada Goose by 192.0% in the fourth 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. Virtu Financial LLC purchased a new position in shares of Canada Goose during the 4th quarter valued at $100,000. MQS Management LLC purchased a new position in shares of Canada Goose during the 1st quarter valued at $86,000. Occudo Quantitative Strategies LP bought a new position in shares of Canada Goose during the 4th quarter valued at $145,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of 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 purchasing an additional 1,578 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOS has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of 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 shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a report on Wednesday, April 30th. UBS Group restated a "neutral" rating and issued a $11.00 target price (up from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Canada Goose from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Evercore ISI set a $11.00 price objective on shares of Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Canada Goose presently has a consensus rating of "Hold" and a consensus target price of $11.25.

Canada Goose Stock Performance

GOOS traded up $0.46 during trading hours on Tuesday, hitting $14.62. The company's stock had a trading volume of 1,607,868 shares, compared to its average volume of 966,515. The company has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $10.08. The company has a current ratio of 2.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.42 billion, a PE ratio of 21.49, a PEG ratio of 0.90 and a beta of 1.42. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $14.81.

Canada Goose (NYSE:GOOS - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.17. Canada Goose had a return on equity of 23.33% and a net margin of 7.02%. The business had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. During the same period last year, the business earned $0.14 earnings per share. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Canada Goose Holdings Inc. will post 0.7 EPS for the current 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.