Jump Financial LLC Acquires New Shares in Canada Goose Holdings Inc. $GOOS

Key Points

• Jump Financial LLC has acquired a new stake in Canada Goose Holdings Inc. by purchasing 27,736 shares worth approximately $221,000.
• A significant 83.64% of Canada Goose's stock is owned by institutional investors and hedge funds, with several firms recently increasing their holdings in the company.
• Canada Goose's stock is currently rated as a "Hold" with a consensus target price of $14.40, following various upgrades and downgrades from research firms.

Jump Financial LLC bought a new stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 27,736 shares of the company's stock, valued at approximately $221,000.

Several other hedge funds have also modified their holdings of the stock. Patient Capital Management LLC raised its holdings in shares of Canada Goose by 3.4% during the 4th quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock valued at $38,661,000 after buying an additional 128,133 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Canada Goose by 15.6% during the 1st quarter. Raymond James Financial Inc. now owns 434,608 shares of the company's stock valued at $3,455,000 after buying an additional 58,798 shares during the period. Millennium Management LLC raised its holdings in shares of Canada Goose by 120.6% during the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company's stock valued at $3,026,000 after buying an additional 164,905 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Canada Goose by 22.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock valued at $1,906,000 after buying an additional 34,327 shares during the period. Finally, Graham Capital Management L.P. raised its holdings in shares of Canada Goose by 155.3% during the 4th quarter. Graham Capital Management L.P. now owns 82,487 shares of the company's stock valued at $827,000 after buying an additional 50,176 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GOOS shares. Evercore ISI set a $11.00 price objective on Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd. Robert W. Baird set a $28.00 price objective on Canada Goose in a research note on Thursday, August 28th. Wells Fargo & Company upgraded Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. TD Cowen upgraded Canada Goose from a "hold" rating to a "buy" rating and raised their price objective for the company from $16.00 to $18.00 in a research note on Monday. Finally, The Goldman Sachs Group raised their price objective on Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Canada Goose Stock Performance

Shares of GOOS traded down $0.26 during mid-day trading on Wednesday, hitting $14.64. The stock had a trading volume of 612,982 shares, compared to its average volume of 1,796,252. The company has a market cap of $1.42 billion, a PE ratio of 43.05, a PEG ratio of 1.11 and a beta of 1.46. The company's fifty day simple moving average is $12.77 and its two-hundred day simple moving average is $10.67. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $15.43.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates 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 previous 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 year.

Canada Goose 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.