PDT Partners LLC Acquires New Holdings in Canada Goose Holdings Inc. $GOOS

Key Points

• PDT Partners LLC acquired 81,426 shares of Canada Goose Holdings Inc., valued at approximately $647,000, during the first quarter, representing 0.08% of the company's total shares.
• Institutional investors hold 83.64% of Canada Goose's stock, with Deutsche Bank AG increasing its stake by 192.0% in the last quarter.
• Canada Goose reported ($0.66) earnings per share for the last quarter, missing analysts' expectations, despite revenue of $77.91 million exceeding estimates.

PDT Partners LLC acquired a new stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,426 shares of the company's stock, valued at approximately $647,000. PDT Partners LLC owned about 0.08% of Canada Goose at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Canada Goose from an "equal weight" rating to an "overweight" rating in a research report on Friday, August 1st. Barclays reduced their price target on shares of Canada Goose from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Cowen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a research report on Monday. TD Cowen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating and boosted their price target for the company from $16.00 to $18.00 in a research report on Monday. Finally, Wall Street Zen cut shares of Canada Goose from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Canada Goose Stock Down 2.0%

Shares of NYSE:GOOS traded down $0.30 during trading on Wednesday, reaching $14.59. 135,186 shares of the stock traded hands, compared to its average volume of 1,229,716. The stock has a 50-day moving average of $12.71 and a two-hundred day moving average of $10.64. Canada Goose Holdings Inc. has a 52-week low of $6.73 and a 52-week high of $15.43. 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 has a market cap of $1.42 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46.

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 for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.04). The company had revenue of $77.91 million for the quarter, compared to the consensus estimate of $68.33 million. Canada Goose had a net margin of 3.48% and a return on equity of 19.85%. During the same quarter last year, the company earned $0.78 EPS. As a group, sell-side analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal 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.