Northwestern Mutual Wealth Management Co. Has $474.36 Million Holdings in Canada Goose Holdings Inc. $GOOS

Northwestern Mutual Wealth Management Co. grew its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 15,788,723.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,630,070 shares of the company’s stock after acquiring an additional 36,629,838 shares during the period. Northwestern Mutual Wealth Management Co. owned 37.74% of Canada Goose worth $474,359,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. PenderFund Capital Management Ltd. acquired a new stake in Canada Goose during the third quarter worth approximately $45,000. US Bancorp DE acquired a new stake in Canada Goose during the third quarter worth approximately $83,000. Plato Investment Management Ltd acquired a new stake in Canada Goose during the third quarter worth approximately $88,000. Evergreen Capital Management LLC bought a new position in shares of Canada Goose during the fourth quarter worth approximately $147,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Canada Goose during the second quarter worth approximately $139,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOS. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Evercore set a $10.00 target price on shares of Canada Goose in a report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a report on Monday, April 20th. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays lowered their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Canada Goose has an average rating of “Reduce” and an average target price of $11.94.

Canada Goose Stock Performance

Shares of NYSE:GOOS opened at $9.58 on Friday. The company’s 50 day simple moving average is $11.13 and its 200 day simple moving average is $12.28. The stock has a market capitalization of $930.21 million, a price-to-earnings ratio of 73.67 and a beta of 1.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28. Canada Goose Holdings Inc. has a 1 year low of $8.86 and a 1 year high of $15.43.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $325.89 million during the quarter, compared to the consensus estimate of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 15.67%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. As a group, research analysts predict that Canada Goose Holdings Inc. will post 0.74 EPS for the current fiscal year.

Canada Goose Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.