Graham Capital Management L.P. Acquires 36,158 Shares of 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 holdings in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 43.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 118,645 shares of the company's stock after buying an additional 36,158 shares during the period. Graham Capital Management L.P. owned 0.12% of Canada Goose worth $943,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GOOS. Jump Financial LLC purchased a new position in shares of Canada Goose in the first quarter valued at $221,000. The Manufacturers Life Insurance Company grew its position in shares of Canada Goose by 0.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock valued at $42,643,000 after purchasing an additional 39,012 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in shares of Canada Goose by 169.2% in the 1st quarter. Landscape Capital Management L.L.C. now owns 178,921 shares of the company's stock valued at $1,422,000 after buying an additional 112,450 shares during the last quarter. Versor Investments LP bought a new position in shares of Canada Goose in the first quarter worth $270,000. Finally, Timucuan Asset Management Inc. FL boosted its holdings in Canada Goose by 10.8% in the first quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company's stock valued at $15,489,000 after acquiring an additional 189,715 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Stock Up 12.5%

Shares of GOOS stock traded up $1.68 during mid-day trading on Monday, reaching $15.07. 3,163,460 shares of the company's stock traded hands, compared to its average volume of 1,229,418. Canada Goose Holdings Inc. has a 12 month low of $6.73 and a 12 month high of $15.43. The company has a market cap of $1.46 billion, a P/E ratio of 44.50, a P/E/G ratio of 1.00 and a beta of 1.45. 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 company's 50-day moving average price is $12.55 and its 200-day moving average price is $10.58.

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

Analyst Ratings Changes

A number of analysts recently weighed in on GOOS shares. TD Cowen upgraded Canada Goose from a "hold" rating to a "buy" rating and boosted their target price for the stock from $16.00 to $18.00 in a research report on Monday. Baird R W raised Canada Goose from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. UBS Group restated a "neutral" rating and issued a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Barclays lowered their price target on Canada Goose from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, The Goldman Sachs Group lifted 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.