Swiss National Bank Purchases 2,300 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Swiss National Bank increased its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,800 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank owned about 0.13% of Canada Goose worth $2,343,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kistler Tiffany Companies LLC increased its stake in Canada Goose by 18.3% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 9,970 shares of the company’s stock valued at $152,000 after purchasing an additional 1,541 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in Canada Goose during the 3rd quarter valued at approximately $183,000. Oppenheimer Asset Management Inc. acquired a new position in Canada Goose during the 4th quarter valued at approximately $196,000. Total Clarity Wealth Management Inc. acquired a new position in Canada Goose during the 3rd quarter valued at approximately $216,000. Finally, Walleye Capital LLC acquired a new position in Canada Goose during the 2nd quarter valued at approximately $234,000. Institutional investors own 42.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group cut their price target on shares of Canada Goose from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 29th. Bank of America dropped their price objective on shares of Canada Goose from $17.00 to $14.80 in a report on Thursday, May 18th. Barclays downgraded shares of Canada Goose from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 2nd. Credit Suisse Group increased their price target on shares of Canada Goose from C$30.00 to C$36.00 in a report on Wednesday, February 8th. Finally, Cowen lowered their price target on shares of Canada Goose from $26.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.85.

Canada Goose Stock Performance

GOOS opened at $16.31 on Thursday. The company has a quick ratio of 1.11, a current ratio of 2.45 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 0.50 and a beta of 1.63. Canada Goose Holdings Inc. has a 52-week low of $14.51 and a 52-week high of $24.73. The firm’s fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $19.06.

Canada Goose (NYSE:GOOS – Get Rating) last issued its earnings results on Thursday, May 18th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $216.84 million during the quarter. Canada Goose had a net margin of 5.58% and a return on equity of 25.45%. Equities analysts anticipate that Canada Goose Holdings Inc. will post 1.06 earnings per share for the current fiscal year.

About Canada Goose

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Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.