Versor Investments LP Takes Position 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 bought a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,100 shares of the company's stock, valued at approximately $270,000.

A number of other large investors have also modified their holdings of the company. Patient Capital Management LLC increased its stake in Canada Goose by 3.4% during the 4th quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock valued at $38,661,000 after buying an additional 128,133 shares during the period. Penn Capital Management Company LLC bought a new position in Canada Goose during the fourth quarter valued at approximately $5,702,000. Raymond James Financial Inc. raised its position in shares of Canada Goose by 15.6% in the first quarter. Raymond James Financial Inc. now owns 434,608 shares of the company's stock valued at $3,455,000 after purchasing an additional 58,798 shares during the period. Millennium Management LLC raised its position in shares of 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 purchasing an additional 164,905 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Canada Goose by 22.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock valued at $1,906,000 after purchasing an additional 34,327 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GOOS. Wall Street Zen downgraded shares of Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Robert W. Baird upgraded shares of Canada Goose from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Barclays decreased 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 note on Friday, August 1st. Evercore ISI set a $11.00 target price on shares of Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd. Finally, UBS Group restated a "neutral" rating and issued a $11.00 target price (up previously from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Canada Goose has a consensus rating of "Hold" and an average price target of $11.00.

Canada Goose Stock Up 14.0%

NYSE:GOOS traded up $1.71 during trading hours on Wednesday, reaching $13.88. 6,016,082 shares of the stock were exchanged, compared to its average volume of 1,183,479. The stock has a market cap of $1.35 billion, a PE ratio of 41.13, a PEG ratio of 0.88 and a beta of 1.45. 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 twelve month low of $6.73 and a twelve month high of $15.43. The firm has a 50 day moving average of $12.25 and a 200 day moving average of $10.41.

Canada Goose (NYSE:GOOS - Get Free Report) last announced 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 net margin of 3.48% and a return on equity of 19.85%. The business had revenue of $77.91 million for the quarter, compared to analyst estimates of $68.33 million. During the same period in the prior year, the business earned $0.78 EPS. On average, equities analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current 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.