Canada Goose Holdings Inc (GOOS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in Canada Goose Holdings Inc (NYSE:GOOS) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,359,236 shares of the company’s stock after selling 515,780 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.24% of Canada Goose worth $59,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PCJ Investment Counsel Ltd. purchased a new stake in shares of Canada Goose during the fourth quarter valued at about $2,488,000. Axel Capital Management LLC purchased a new stake in shares of Canada Goose during the fourth quarter valued at about $2,842,000. Great West Life Assurance Co. Can lifted its position in shares of Canada Goose by 28.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 9,848 shares of the company’s stock valued at $422,000 after buying an additional 2,164 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Canada Goose by 25.7% during the fourth quarter. CIBC Asset Management Inc now owns 32,006 shares of the company’s stock valued at $1,400,000 after buying an additional 6,537 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Canada Goose by 19.5% during the fourth quarter. Northern Trust Corp now owns 25,153 shares of the company’s stock valued at $1,100,000 after buying an additional 4,111 shares during the last quarter. Hedge funds and other institutional investors own 39.56% of the company’s stock.

Several analysts have commented on GOOS shares. Royal Bank of Canada increased their price target on shares of Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 14th. Credit Suisse Group increased their price target on shares of Canada Goose from $88.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Canaccord Genuity set a $102.00 price target on shares of Canada Goose and gave the company a “buy” rating in a research report on Thursday, November 15th. Barclays increased their price target on shares of Canada Goose from $72.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, November 15th. Finally, DA Davidson increased their price target on shares of Canada Goose to $74.00 and gave the company a “buy” rating in a research report on Friday, November 16th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Canada Goose currently has an average rating of “Buy” and a consensus price target of $77.04.

Shares of Canada Goose stock opened at $50.12 on Friday. The company has a market capitalization of $5.50 billion, a P/E ratio of 77.11, a P/E/G ratio of 1.84 and a beta of 2.82. The company has a quick ratio of 1.32, a current ratio of 2.58 and a debt-to-equity ratio of 0.38. Canada Goose Holdings Inc has a 52 week low of $31.55 and a 52 week high of $72.27.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.14. The firm had revenue of $399.30 million during the quarter, compared to analyst estimates of $360.13 million. Canada Goose had a net margin of 17.71% and a return on equity of 52.29%. Canada Goose’s revenue was up 50.2% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. Analysts expect that Canada Goose Holdings Inc will post 0.96 EPS for the current fiscal year.

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Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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