Timucuan Asset Management Inc. FL Boosts Holdings in Canada Goose Holdings Inc. $GOOS

Key Points

• Timucuan Asset Management Inc. increased its stake in Canada Goose Holdings Inc. by 10.8%, acquiring an additional 189,715 shares during the first quarter, now holding a total of 1,948,240 shares.
• Several hedge funds have also made notable changes, with Deutsche Bank AG increasing its stake by 192.0% in the fourth quarter, while institutional investors now own 83.64% of Canada Goose stock.
• Analysts maintain a generally cautious outlook on Canada Goose, with the stock receiving an average rating of "Hold" and a consensus target price of $11.00.

Timucuan Asset Management Inc. FL increased its holdings in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 10.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,948,240 shares of the company's stock after purchasing an additional 189,715 shares during the period. Canada Goose makes up about 0.5% of Timucuan Asset Management Inc. FL's holdings, making the stock its 19th biggest holding. Timucuan Asset Management Inc. FL owned approximately 2.01% of Canada Goose worth $15,489,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG boosted its stake in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after purchasing an additional 5,259 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Canada Goose in the 1st quarter valued at $86,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Canada Goose in the 4th quarter valued at $145,000. Public Employees Retirement System of Ohio boosted its stake in shares of Canada Goose by 10.5% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Canada Goose by 62.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company's stock valued at $180,000 after purchasing an additional 8,690 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Canada Goose Trading Down 1.6%

NYSE GOOS traded down $0.22 during trading on Monday, hitting $12.97. The company had a trading volume of 1,207,104 shares, compared to its average volume of 1,731,433. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. Canada Goose Holdings Inc. has a one year low of $6.73 and a one year high of $15.43. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. The company's fifty day moving average is $12.39 and its 200-day moving average is $10.48.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results 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). 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 quarter in the previous year, the business earned $0.78 earnings per share. On average, sell-side analysts predict that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GOOS shares. Robert W. Baird set a $28.00 price target on shares of Canada Goose in a research report on Thursday. The Goldman Sachs Group increased their price target on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Thursday, May 22nd. Cowen reissued a "hold" rating on shares of Canada Goose in a research report on Thursday, May 22nd. Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the company an "in-line" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Canada Goose has an average rating of "Hold" and an average target price of $14.40.

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.