Interval Partners LP Purchases New Position in Canada Goose Holdings Inc. $GOOS

Key Points

• Interval Partners LP acquired 43,652 shares of Canada Goose Holdings Inc., valued at approximately $347,000, indicating growing institutional interest in the company.
• Deutsche Bank AG significantly increased its stake by 192.0% in the fourth quarter, now owning 7,998 shares, reflecting a positive outlook among institutional investors.
• Canada Goose reported a loss of ($0.66) EPS for the latest quarter, missing expectations, despite generating revenue of $77.91 million, which exceeded analyst estimates.

Interval Partners LP acquired a new stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,652 shares of the company's stock, valued at approximately $347,000.

A number of other large investors have also added to or reduced their stakes in the company. PDT Partners LLC bought a new position in Canada Goose in the first quarter worth about $647,000. Graham Capital Management L.P. raised its holdings in Canada Goose by 43.8% in the first quarter. Graham Capital Management L.P. now owns 118,645 shares of the company's stock worth $943,000 after purchasing an additional 36,158 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Canada Goose by 0.7% in the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after purchasing an additional 39,012 shares in the last quarter. Timucuan Asset Management Inc. FL grew its stake in shares of Canada Goose by 10.8% during the first quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company's stock worth $15,489,000 after acquiring an additional 189,715 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Canada Goose during the first quarter worth about $523,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Trading Down 0.2%

GOOS traded down $0.03 on Thursday, hitting $14.56. The company had a trading volume of 150,178 shares, compared to its average volume of 1,226,244. The firm has a market cap of $1.41 billion, a P/E ratio of 42.88, a PEG ratio of 1.11 and a beta of 1.46. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. The company's fifty day moving average price is $12.77 and its 200 day moving average price is $10.67. Canada Goose Holdings Inc. has a 1 year low of $6.73 and a 1 year high of $15.43.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The business had revenue of $77.91 million for the quarter, compared to analysts' expectations 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 last year, the company earned $0.78 earnings per share. As a group, equities analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

GOOS has been the topic of several recent research reports. Wall Street Zen lowered Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Cowen upgraded Canada Goose from a "hold" rating to a "buy" rating in a research report on Monday. The Goldman Sachs Group upped their price objective on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday, May 22nd. UBS Group restated a "neutral" rating and issued a $11.00 price objective (up previously from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" 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.