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

Other hedge funds have also recently modified their holdings of the company. Deutsche Bank AG increased its holdings in Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock worth $80,000 after buying an additional 5,259 shares in the last quarter. MQS Management LLC bought a new stake in shares of Canada Goose in the first quarter worth approximately $86,000. Occudo Quantitative Strategies LP purchased a new position in shares of Canada Goose during the fourth quarter valued at approximately $145,000. Public Employees Retirement System of Ohio lifted its position in Canada Goose by 10.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock valued at $167,000 after purchasing an additional 1,578 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Canada Goose by 62.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company's stock worth $180,000 after purchasing an additional 8,690 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Thursday, May 22nd. Baird R W raised Canada Goose from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. Evercore ISI set a $11.00 price objective on Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a report on Friday, August 1st. Finally, Cowen reaffirmed a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $14.40.

Canada Goose Price Performance

Canada Goose stock traded up $0.26 during mid-day trading on Friday, hitting $13.38. The stock had a trading volume of 648,028 shares, compared to its average volume of 1,648,477. 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 firm's 50 day moving average is $12.55 and its 200 day moving average is $10.58. The firm has a market capitalization of $1.30 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.00 and a beta of 1.46. Canada Goose Holdings Inc. has a one year low of $6.73 and a one year high of $15.43.

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 for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The business 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 period last year, the company earned $0.78 EPS. On average, sell-side analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

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.