CenterBook Partners LP Makes New Investment in Canada Goose Holdings Inc. $GOOS

CenterBook Partners LP purchased a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 414,129 shares of the company’s stock, valued at approximately $5,363,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PenderFund Capital Management Ltd. bought a new stake in shares of Canada Goose during the 3rd quarter worth about $45,000. US Bancorp DE bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $83,000. Plato Investment Management Ltd bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $88,000. Ameriprise Financial Inc. bought a new stake in shares of Canada Goose in the 2nd quarter worth approximately $139,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Canada Goose in the 4th quarter worth approximately $147,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Stock Down 0.2%

GOOS stock opened at $9.77 on Monday. The company’s 50 day simple moving average is $10.78 and its 200-day simple moving average is $11.89. Canada Goose Holdings Inc. has a 52-week low of $9.30 and a 52-week high of $15.43. The firm has a market capitalization of $948.45 million, a P/E ratio of 75.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The company had revenue of $325.89 million for the quarter, compared to analysts’ expectations of $295.79 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities research analysts anticipate that Canada Goose Holdings Inc. will post 0.83 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on GOOS. Zacks Research upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Williams Trading upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Sunday, May 17th. Evercore set a $10.00 target price on shares of Canada Goose in a report on Friday, May 15th. Barclays dropped their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Canada Goose has a consensus rating of “Reduce” and an average target price of $12.53.

Canada Goose Company Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.