Graham Capital Management L.P. Boosts Stake in Canada Goose Holdings Inc. $GOOS

Key Points

• Graham Capital Management L.P. increased its stake in Canada Goose Holdings Inc. by 43.8%, acquiring an additional 36,158 shares in the first quarter, bringing its total ownership to 118,645 shares valued at approximately $943,000.
• Canada Goose reported a Q1 earnings miss with an EPS of ($0.66), falling short of the consensus estimate of ($0.62), despite generating revenue of $77.91 million which exceeded analysts' expectations.
• Institutional investors own 83.64% of Canada Goose's stock, reflecting strong interest in the company, while its current market cap stands at $1.28 billion.

Graham Capital Management L.P. boosted its stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 43.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,645 shares of the company's stock after purchasing an additional 36,158 shares during the quarter. Graham Capital Management L.P. owned about 0.12% of Canada Goose worth $943,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOS. Envestnet Asset Management Inc. lifted its stake in Canada Goose by 16.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock worth $242,000 after purchasing an additional 3,410 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Canada Goose by 22.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock worth $1,906,000 after purchasing an additional 34,327 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Canada Goose by 508.0% during the fourth quarter. BNP Paribas Financial Markets now owns 19,238 shares of the company's stock valued at $193,000 after buying an additional 16,074 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Canada Goose in the fourth quarter worth approximately $269,000. Finally, Deutsche Bank AG grew its position in Canada Goose by 192.0% during the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after buying an additional 5,259 shares during the period. Institutional investors own 83.64% of the company's stock.

Canada Goose Trading Down 3.3%

Shares of NYSE GOOS traded down $0.50 during mid-day trading on Tuesday, hitting $14.61. 502,883 shares of the company traded hands, compared to its average volume of 1,230,560. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 1.00 and a beta of 1.45. Canada Goose Holdings Inc. has a 1 year low of $6.73 and a 1 year high of $15.43. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $12.63 and a two-hundred day moving average of $10.61.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The firm had revenue of $77.91 million during the quarter, compared to the consensus estimate of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.During the same quarter in the prior year, the business posted $0.78 EPS. On average, sell-side analysts anticipate that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI set a $11.00 price objective on shares of Canada Goose and gave the company an "in-line" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised their price target on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday, May 22nd. Wall Street Zen cut shares of Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Cowen restated a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. Finally, Baird R W raised Canada Goose from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Canada Goose currently has an average rating of "Hold" and an average price target of $15.00.

Canada Goose Company 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.