Canada Goose Holdings Inc. $GOOS Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Canada Goose Holdings Inc. (NYSE:GOOSFree Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,626,394 shares of the company’s stock after selling 311,384 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Canada Goose were worth $28,812,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GOOS. Northwestern Mutual Wealth Management Co. raised its stake in shares of Canada Goose by 15,788,723.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after purchasing an additional 36,629,838 shares in the last quarter. Marshall Wace LLP lifted its holdings in Canada Goose by 132.5% in the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock worth $19,952,000 after purchasing an additional 877,987 shares during the period. Bank of America Corp DE grew its position in Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after buying an additional 1,189,523 shares in the last quarter. Kessler Investment Group LLC grew its position in Canada Goose by 126.8% in the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock valued at $8,792,000 after buying an additional 379,516 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its position in Canada Goose by 21.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock valued at $7,535,000 after buying an additional 101,665 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

More Canada Goose News

Here are the key news stories impacting Canada Goose this week:

  • Positive Sentiment: TD Cowen upgraded its outlook: The firm raised its price target from $13 to $18 and assigned a “buy” rating, implying substantial potential upside from recent trading levels. Benzinga article
  • Positive Sentiment: Revenue exceeded expectations: Fiscal first-quarter revenue rose 10.3% year over year to C$83.71 million, surpassing analysts’ estimates of C$76.34 million. The company also highlighted expanded gross margins and progress toward becoming a more year-round luxury brand. Canada Goose fiscal 2027 results
  • Neutral Sentiment: Value-stock interest provides support: Zacks included GOOS among four value stocks to consider while the Federal Reserve holds interest rates steady and geopolitical risks weigh on broader market sentiment. Zacks value stocks article
  • Negative Sentiment: The company remained unprofitable: Canada Goose reported a fiscal Q1 loss of $0.64 per share, compared with $0.91 of earnings in the same period last year. Although the result was better than some consensus estimates, the loss may be weighing on investor confidence, particularly given the stock’s elevated earnings multiple. Zacks Canada Goose earnings article

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOS. Weiss Ratings downgraded shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Evercore set a $10.00 price objective on shares of Canada Goose in a report on Friday, May 15th. Williams Trading cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Zacks Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.48.

Get Our Latest Analysis on Canada Goose

Canada Goose Trading Down 3.2%

Shares of GOOS stock opened at $8.96 on Friday. The stock has a 50-day simple moving average of $9.64 and a 200 day simple moving average of $10.89. Canada Goose Holdings Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.40. The stock has a market capitalization of $870.86 million, a P/E ratio of 22.99 and a beta of 1.61. The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65.

Canada Goose (NYSE:GOOSGet Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.06. Canada Goose had a return on equity of 14.25% and a net margin of 3.65%.The firm had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. During the same period in the previous year, the company earned $0.91 earnings per share. Canada Goose’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts expect that Canada Goose Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Canada Goose Profile

(Free Report)

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.

Further Reading

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

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