Versor Investments LP Invests $270,000 in Canada Goose Holdings Inc. $GOOS

Key Points

• Versor Investments LP has invested approximately $270,000 in Canada Goose Holdings by acquiring 34,100 shares during the first quarter.
• Canada Goose reported a loss of $0.66 per share in its latest earnings, missing analysts' expectations, despite exceeding revenue estimates with $77.91 million for the quarter.
• Several analysts have adjusted their price targets, with Barclays reducing it from $14.00 to $13.00, while UBS raised their target from $8.00 to $11.00 for the stock.

Versor Investments LP purchased a new stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,100 shares of the company's stock, valued at approximately $270,000.

A number of other institutional investors have also recently made changes to their positions in GOOS. Deutsche Bank AG lifted its position in shares of Canada Goose by 192.0% during the 4th 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. MQS Management LLC purchased a new stake in Canada Goose during the 1st quarter worth about $86,000. Occudo Quantitative Strategies LP purchased a new stake in Canada Goose during the 4th quarter worth about $145,000. 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 purchasing an additional 1,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Canada Goose by 62.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company's stock worth $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.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GOOS shares. The Goldman Sachs Group increased their price objective on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Thursday, May 22nd. UBS Group reissued a "neutral" rating and set a $11.00 price objective (up previously from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Robert W. Baird upgraded shares of Canada Goose from a "neutral" rating to an "outperform" rating in a research report on Tuesday. Finally, Baird R W upgraded shares of Canada Goose from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.00.

Canada Goose Price Performance

Shares of NYSE GOOS traded up $1.96 during trading hours on Wednesday, reaching $14.13. 10,583,140 shares of the stock traded hands, compared to its average volume of 1,477,570. The company has a market capitalization of $1.37 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.45. 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 Holdings Inc. has a 52-week low of $6.73 and a 52-week high of $15.43. The company's 50-day simple moving average is $12.31 and its two-hundred day simple moving average is $10.43.

Canada Goose (NYSE:GOOS - Get Free Report) last posted 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). Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.The company had revenue of $77.91 million for the quarter, compared to the consensus estimate of $68.33 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities research analysts forecast that Canada Goose Holdings Inc. will post 0.7 EPS for the current year.

Canada Goose Company 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.