The Manufacturers Life Insurance Company Lowers Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

The Manufacturers Life Insurance Company reduced its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,324,948 shares of the company's stock after selling 229,331 shares during the period. The Manufacturers Life Insurance Company owned approximately 5.50% of Canada Goose worth $53,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOS. Nebula Research & Development LLC bought a new position in Canada Goose during the fourth quarter valued at approximately $213,000. Penn Capital Management Company LLC bought a new position in shares of Canada Goose during the 4th quarter valued at $5,702,000. Dimensional Fund Advisors LP raised its position in Canada Goose by 22.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock worth $1,906,000 after purchasing an additional 34,327 shares during the period. Portolan Capital Management LLC purchased a new position in Canada Goose in the 4th quarter worth $4,403,000. Finally, Quinn Opportunity Partners LLC lifted its stake in Canada Goose by 23.9% in the fourth quarter. Quinn Opportunity Partners LLC now owns 171,488 shares of the company's stock worth $1,720,000 after purchasing an additional 33,088 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Trading Up 0.9 %

Shares of GOOS traded up $0.07 during mid-day trading on Friday, hitting $8.30. 735,467 shares of the company's stock traded hands, compared to its average volume of 861,339. 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 firm has a market capitalization of $803.49 million, a P/E ratio of 15.96, a PEG ratio of 1.00 and a beta of 1.26. The business's 50-day moving average price is $8.45 and its 200-day moving average price is $9.52. Canada Goose Holdings Inc. has a 1 year low of $6.73 and a 1 year high of $14.75.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. As a group, sell-side analysts forecast that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on GOOS. Evercore ISI decreased their price objective on Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Barclays reaffirmed an "underweight" rating and issued a $8.00 price target (down from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Finally, Wells Fargo & Company upgraded shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Canada Goose presently has an average rating of "Hold" and a consensus target price of $10.20.

About Canada Goose

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.