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

Northwestern Mutual Wealth Management Co. raised its stake in Canada Goose Holdings Inc. (NYSE:GOOS) by 15,788,723.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,630,070 shares of the company’s stock after buying an additional 36,629,838 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.38% of Canada Goose worth $474,359,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. boosted its position in Canada Goose by 25.8% in the third quarter. Pinnacle Associates Ltd. now owns 480,214 shares of the company’s stock valued at $6,622,000 after buying an additional 98,570 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in Canada Goose in the third quarter valued at approximately $3,056,000. Portolan Capital Management LLC boosted its position in Canada Goose by 46.2% in the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock valued at $29,979,000 after buying an additional 686,504 shares in the last quarter. Quantbot Technologies LP boosted its position in Canada Goose by 3,669,350.0% in the third quarter. Quantbot Technologies LP now owns 73,389 shares of the company’s stock valued at $1,012,000 after buying an additional 73,387 shares in the last quarter. Finally, SCP Investment LP boosted its position in Canada Goose by 75.0% in the third quarter. SCP Investment LP now owns 350,000 shares of the company’s stock valued at $4,826,000 after buying an additional 150,000 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GOOS shares. Barclays cut their price target on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday. Wall Street Zen lowered shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Evercore set a $10.00 price target on shares of Canada Goose in a report on Friday. Finally, Robert W. Baird set a $11.66 price target on shares of Canada Goose in a report on Friday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Canada Goose presently has an average rating of “Reduce” and a consensus target price of $11.94.

Canada Goose Price Performance

GOOS stock opened at $9.58 on Friday. The firm has a market cap of $930.21 million, a price-to-earnings ratio of 73.67 and a beta of 1.67. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. Canada Goose Holdings Inc. has a 12-month low of $8.86 and a 12-month high of $15.43. The company’s fifty day simple moving average is $11.13 and its 200 day simple moving average is $12.28.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 15.67%. Canada Goose’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, analysts expect that Canada Goose Holdings Inc. will post 0.74 earnings per share for the current year.

Canada Goose Company 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.