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

Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Canada Goose by 0.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after acquiring an additional 39,012 shares in the last quarter. Patient Capital Management LLC boosted its position in Canada Goose by 3.4% during the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock valued at $38,661,000 after purchasing an additional 128,133 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its position in 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 valued at $15,489,000 after purchasing an additional 189,715 shares during the last quarter. Raymond James Financial Inc. boosted its position in Canada Goose by 15.6% during the first quarter. Raymond James Financial Inc. now owns 434,608 shares of the company's stock valued at $3,455,000 after purchasing an additional 58,798 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Canada Goose by 120.6% during the fourth quarter. Millennium Management LLC now owns 301,663 shares of the company's stock valued at $3,026,000 after purchasing an additional 164,905 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Canada Goose Price Performance

NYSE GOOS traded down $0.26 during trading on Wednesday, reaching $14.64. 604,232 shares of the company traded hands, compared to its average volume of 1,232,568. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 2.02. The stock's 50 day moving average price is $12.71 and its two-hundred day moving average price is $10.64. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $15.43. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 43.05, a P/E/G ratio of 1.13 and a beta of 1.46.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on GOOS shares. TD Cowen raised shares of Canada Goose from a "hold" rating to a "buy" rating and lifted their price objective for the company from $16.00 to $18.00 in a research note on Monday. Wall Street Zen lowered shares of Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Barclays reduced their price objective on shares of Canada Goose from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Cowen raised shares of Canada Goose from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Robert W. Baird set a $28.00 price objective on shares of Canada Goose in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Canada Goose has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

About Canada Goose

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.