Timucuan Asset Management Inc. FL Purchases 189,715 Shares of 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 grew its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,948,240 shares of the company's stock after acquiring an additional 189,715 shares during the quarter. Canada Goose comprises 0.5% of Timucuan Asset Management Inc. FL's investment portfolio, making the stock its 19th largest position. Timucuan Asset Management Inc. FL owned about 2.01% of Canada Goose worth $15,489,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Deutsche Bank AG boosted its stake in Canada Goose by 192.0% in the fourth 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 purchased a new stake in Canada Goose in the first quarter worth approximately $86,000. Occudo Quantitative Strategies LP purchased a new stake in Canada Goose in the fourth quarter worth approximately $145,000. Public Employees Retirement System of Ohio boosted its stake in Canada Goose by 10.5% in the fourth 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. Finally, BNP Paribas Financial Markets boosted its stake in Canada Goose by 508.0% in the fourth 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. Institutional investors own 83.64% of the company's stock.

Canada Goose Price Performance

Shares of NYSE:GOOS traded up $0.13 during trading on Tuesday, hitting $13.11. 308,315 shares of the company's stock were exchanged, compared to its average volume of 1,216,875. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.02 and a quick ratio of 0.89. Canada Goose Holdings Inc. has a 52-week low of $6.73 and a 52-week high of $15.43. The business's 50-day simple moving average is $12.42 and its 200 day simple moving average is $10.50. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 0.97 and a beta of 1.45.

Canada Goose (NYSE:GOOS - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations 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 prior year, the business posted $0.78 EPS. As a group, equities analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on GOOS shares. Wall Street Zen lowered Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company raised Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group lifted their price target on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird set a $28.00 price target on Canada Goose in a research note on Thursday. Finally, Cowen reaffirmed a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.