Canada Goose Holdings Inc. $GOOS Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Canada Goose Holdings Inc. by 15.6%, acquiring an additional 58,798 shares during the 1st quarter, bringing its total holdings to 434,608 shares valued at approximately $3.45 million.
• Institutional investors collectively own 83.64% of Canada Goose stock, indicating significant interest and involvement from larger financial entities.
• Canada Goose reported a net loss of ($0.66) EPS for the last quarter, missing the consensus estimate, despite a revenue increase to $77.91 million, surpassing analyst expectations.

Raymond James Financial Inc. lifted its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 15.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 434,608 shares of the company's stock after acquiring an additional 58,798 shares during the quarter. Raymond James Financial Inc. owned 0.45% of Canada Goose worth $3,455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOS. Dimensional Fund Advisors LP increased its position in shares of Canada Goose by 22.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock worth $1,906,000 after acquiring an additional 34,327 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Canada Goose by 508.0% during the fourth quarter. BNP Paribas Financial Markets now owns 19,238 shares of the company's stock worth $193,000 after acquiring an additional 16,074 shares during the last quarter. Deutsche Bank AG increased its holdings in Canada Goose by 192.0% in the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after buying an additional 5,259 shares during the last quarter. Graham Capital Management L.P. increased its holdings in Canada Goose by 155.3% in the fourth 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 last quarter. Finally, Millennium Management LLC increased its holdings in Canada Goose by 120.6% in the fourth 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 last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOS has been the subject of several research analyst reports. Baird R W raised Canada Goose from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. TD Cowen raised Canada Goose from a "hold" rating to a "buy" rating and boosted their price objective for the company from $16.00 to $18.00 in a report on Monday. Cowen raised Canada Goose from a "hold" rating to a "buy" rating in a report on Monday. Wall Street Zen lowered Canada Goose from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Robert W. Baird set a $28.00 price objective on Canada Goose in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Canada Goose has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Canada Goose Stock Performance

Shares of NYSE:GOOS traded up $0.05 during trading on Thursday, hitting $14.64. 507,281 shares of the company traded hands, compared to its average volume of 1,762,787. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 1.09 and a beta of 1.46. The business's fifty day moving average is $12.82 and its 200-day moving average is $10.69. Canada Goose Holdings Inc. has a one year low of $6.73 and a one year high of $15.43. 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 (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 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 earnings per share. As a group, equities analysts predict 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.