OppenheimerFunds Inc. increased its stake in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 18.0% during the 1st quarter, Holdings Channel reports. The firm owned 787,205 shares of the company’s stock after acquiring an additional 119,837 shares during the quarter. OppenheimerFunds Inc.’s holdings in Canada Goose were worth $37,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOS. Advisors Asset Management Inc. bought a new position in shares of Canada Goose during the fourth quarter worth $29,000. IFP Advisors Inc boosted its position in shares of Canada Goose by 43.8% during the fourth quarter. IFP Advisors Inc now owns 719 shares of the company’s stock worth $30,000 after purchasing an additional 219 shares in the last quarter. Optimum Investment Advisors bought a new position in shares of Canada Goose during the first quarter worth $33,000. Bremer Bank National Association bought a new position in shares of Canada Goose during the first quarter worth $46,000. Finally, US Bancorp DE boosted its position in shares of Canada Goose by 65.1% during the first quarter. US Bancorp DE now owns 1,205 shares of the company’s stock worth $58,000 after purchasing an additional 475 shares in the last quarter. 51.22% of the stock is currently owned by institutional investors and hedge funds.

GOOS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday, February 15th. HSBC started coverage on shares of Canada Goose in a report on Monday, May 20th. They set a “buy” rating and a $48.32 price objective on the stock. Bank of America lowered shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price target on the stock. in a research note on Thursday, May 30th. Goldman Sachs Group upgraded shares of Canada Goose from a “neutral” rating to a “buy” rating and lowered their price target for the company from $65.00 to $47.00 in a research note on Friday, May 31st. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Canada Goose in a research note on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $69.64.

GOOS stock traded down $0.59 during midday trading on Wednesday, hitting $34.69. The company’s stock had a trading volume of 69,816 shares, compared to its average volume of 2,355,548. The company has a current ratio of 3.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. Canada Goose Holdings Inc has a twelve month low of $31.67 and a twelve month high of $72.27. The firm has a market capitalization of $3.87 billion, a P/E ratio of 34.23, a PEG ratio of 0.95 and a beta of 3.15.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. The company had revenue of $156.20 million during the quarter, compared to the consensus estimate of $158.85 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, equities research analysts forecast that Canada Goose Holdings Inc will post 1.26 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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