Canada Goose Holdings Inc. (NYSE:GOOS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,811 shares of the company’s stock after selling 25,840 shares during the quarter. Mackenzie Financial Corp owned 0.10% of Canada Goose worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Canada Goose by 19.5% in the third quarter. The Manufacturers Life Insurance Company now owns 4,967,875 shares of the company’s stock worth $72,905,000 after acquiring an additional 812,174 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Canada Goose by 0.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,236 shares of the company’s stock worth $48,997,000 after acquiring an additional 20,754 shares during the period. Timucuan Asset Management Inc. FL increased its stake in shares of Canada Goose by 21.1% in the third quarter. Timucuan Asset Management Inc. FL now owns 1,759,290 shares of the company’s stock worth $25,791,000 after acquiring an additional 306,783 shares during the period. Vanguard Group Inc. increased its stake in shares of Canada Goose by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company’s stock worth $25,363,000 after acquiring an additional 21,967 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Canada Goose by 4.9% in the third quarter. Hsbc Holdings PLC now owns 1,168,111 shares of the company’s stock worth $17,196,000 after acquiring an additional 54,965 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Stock Performance

GOOS opened at $11.51 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.19 and a beta of 1.48. Canada Goose Holdings Inc. has a 52-week low of $9.80 and a 52-week high of $22.65. The firm’s fifty day simple moving average is $12.30 and its two-hundred day simple moving average is $11.95.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06). The company had revenue of $448.03 million for the quarter, compared to analysts’ expectations of $455.25 million. Canada Goose had a net margin of 3.86% and a return on equity of 23.30%. Equities analysts anticipate that Canada Goose Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GOOS has been the topic of several analyst reports. Barclays raised their price target on shares of Canada Goose from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Evercore raised their price target on shares of Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.83.

Canada Goose Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.