CIBC Asset Management Inc Has $1.19 Million Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Posted by on Jun 12th, 2023

CIBC Asset Management Inc lowered its position in Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,596 shares of the company’s stock after selling 3,175 shares during the period. CIBC Asset Management Inc owned 0.06% of Canada Goose worth $1,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Balyasny Asset Management LLC acquired a new position in Canada Goose during the third quarter valued at approximately $183,000. Oppenheimer Asset Management Inc. acquired a new position in Canada Goose during the fourth quarter valued at approximately $196,000. Kistler Tiffany Companies LLC grew its holdings in Canada Goose by 11.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 11,128 shares of the company’s stock valued at $198,000 after purchasing an additional 1,158 shares during the last quarter. Walleye Capital LLC acquired a new position in Canada Goose during the second quarter valued at approximately $234,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Canada Goose in the fourth quarter worth $254,000. Institutional investors and hedge funds own 42.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GOOS shares. Barclays downgraded shares of Canada Goose from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 2nd. Bank of America lowered their price objective on shares of Canada Goose from $17.00 to $14.80 in a research note on Thursday, May 18th. Finally, UBS Group lowered their price objective 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.85.

Canada Goose Stock Performance

GOOS stock traded up $0.28 during midday trading on Monday, hitting $16.70. The stock had a trading volume of 263,197 shares, compared to its average volume of 1,887,318. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 0.48 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 stock has a 50-day simple moving average of $18.33 and a 200 day simple moving average of $18.95. The company has a current ratio of 2.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.82.

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

About Canada Goose

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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.

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Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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