CenterBook Partners LP Invests $5.36 Million in Canada Goose Holdings Inc. $GOOS

CenterBook Partners LP bought a new position in Canada Goose Holdings Inc. (NYSE:GOOS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 414,129 shares of the company’s stock, valued at approximately $5,363,000. CenterBook Partners LP owned about 0.43% of Canada Goose as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOS. Goldman Sachs Group Inc. increased its position in shares of Canada Goose by 139.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company’s stock worth $2,458,000 after purchasing an additional 179,946 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Canada Goose by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock valued at $324,000 after buying an additional 1,630 shares during the period. Invesco Ltd. boosted its holdings in shares of Canada Goose by 7.2% in the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after buying an additional 1,012 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Canada Goose in the 2nd quarter valued at about $332,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Canada Goose by 12.3% in the 2nd quarter. Raymond James Financial Inc. now owns 488,181 shares of the company’s stock valued at $5,463,000 after buying an additional 53,573 shares during the period. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOS. Evercore set a $10.00 price target on shares of Canada Goose in a report on Friday, May 15th. Williams Trading raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Sunday, May 17th. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Robert W. Baird set a $11.66 price target on shares of Canada Goose in a report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.53.

Canada Goose Trading Down 0.2%

Canada Goose stock opened at $9.77 on Monday. 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 price-to-earnings ratio of 75.12 and a beta of 1.62. The firm has a 50-day moving average price of $10.78 and a two-hundred day moving average price of $11.89. The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results 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 return on equity of 14.60% and a net margin of 1.42%.The company had revenue of $325.89 million for the quarter, compared to the consensus estimate of $295.79 million. During the same quarter last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Sell-side analysts expect that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current year.

Canada Goose 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.