Legal & General Group Plc Buys 17,398 Shares of Canada Goose Holdings Inc (GOOS)
Legal & General Group Plc increased its stake in Canada Goose Holdings Inc (NYSE:GOOS) by 66.4% during the fourth quarter, Holdings Channel reports. The fund owned 43,613 shares of the company’s stock after buying an additional 17,398 shares during the period. Legal & General Group Plc’s holdings in Canada Goose were worth $1,905,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. TD Asset Management Inc. boosted its position in shares of Canada Goose by 10.4% in the fourth quarter. TD Asset Management Inc. now owns 241,566 shares of the company’s stock worth $10,555,000 after buying an additional 22,740 shares during the period. Shepherd Financial Partners LLC acquired a new stake in shares of Canada Goose in the fourth quarter worth $277,000. Vanguard Group Inc boosted its position in shares of Canada Goose by 3,727.0% in the third quarter. Vanguard Group Inc now owns 993,272 shares of the company’s stock worth $64,107,000 after buying an additional 967,318 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Canada Goose by 107.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,328 shares of the company’s stock worth $320,000 after buying an additional 3,792 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Canada Goose by 50.0% in the fourth quarter. First Manhattan Co. now owns 3,000 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares during the period. 49.21% of the stock is owned by institutional investors and hedge funds.
GOOS has been the subject of several recent analyst reports. TD Securities raised Canada Goose from a “hold” rating to a “buy” rating and decreased their target price for the stock from $93.00 to $84.00 in a research report on Thursday, January 3rd. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, Wells Fargo & Co cut Canada Goose from an “outperform” rating to a “market perform” rating and set a $48.00 target price for the company. in a research report on Thursday, January 24th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $76.86.
Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $360.13 million. Canada Goose had a return on equity of 52.29% and a net margin of 17.71%. The business’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, analysts predict that Canada Goose Holdings Inc will post 0.98 earnings per share for the current year.
Canada Goose 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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