Nuveen LLC Makes New $267,000 Investment in Canada Goose Holdings Inc. $GOOS

Key Points

• Nuveen LLC has acquired 33,662 shares of Canada Goose Holdings Inc. (NYSE:GOOS), valued at approximately $267,000.
• While most analysts maintain a "Hold" rating, Robert W. Baird upgraded Canada Goose to a "Strong Buy" with a price target of $28.00.
• Canada Goose reported a quarterly EPS of ($0.66), missing estimates, but outperformed in revenue with $77.91 million compared to expectations of $68.33 million.

Nuveen LLC acquired a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 33,662 shares of the company's stock, valued at approximately $267,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Canada Goose by 22.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock worth $1,906,000 after buying an additional 34,327 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock worth $167,000 after buying an additional 1,578 shares in the last quarter. Millennium Management LLC lifted its holdings in Canada Goose by 120.6% during the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company's stock worth $3,026,000 after buying an additional 164,905 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Canada Goose by 508.0% during the 4th quarter. BNP Paribas Financial Markets now owns 19,238 shares of the company's stock worth $193,000 after buying an additional 16,074 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its holdings in Canada Goose by 155.3% during the 4th quarter. Graham Capital Management L.P. now owns 82,487 shares of the company's stock worth $827,000 after buying an additional 50,176 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Stock Up 0.3%

NYSE:GOOS traded up $0.05 during midday trading on Thursday, hitting $14.64. 507,281 shares of the company were exchanged, compared to its average volume of 1,762,787. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. 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 has a market capitalization of $1.42 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The company has a fifty day simple moving average of $12.82 and a 200 day simple moving average of $10.69.

Canada Goose (NYSE:GOOS - Get Free Report) last issued 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 business had revenue of $77.91 million for the quarter, compared to analysts' expectations of $68.33 million. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, equities analysts anticipate that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of Canada Goose from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. TD Cowen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating and increased their target price for the stock from $16.00 to $18.00 in a report on Monday. Baird R W upgraded shares of 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 shares of Canada Goose and gave the company an "in-line" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a report on Thursday, May 22nd. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.