Two Sigma Investments LP Buys New Position in Canada Goose Holdings (GOOS)

Two Sigma Investments LP bought a new position in shares of Canada Goose Holdings (NYSE:GOOS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 69,715 shares of the company’s stock, valued at approximately $2,200,000. Two Sigma Investments LP owned 0.07% of Canada Goose at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GOOS. Fred Alger Management Inc. raised its stake in shares of Canada Goose by 70.8% during the 4th quarter. Fred Alger Management Inc. now owns 1,838,949 shares of the company’s stock worth $58,037,000 after purchasing an additional 762,563 shares during the period. Elephas Investment Management Ltd bought a new stake in shares of Canada Goose during the 4th quarter worth $17,208,000. Waratah Capital Advisors Ltd. bought a new stake in shares of Canada Goose during the 4th quarter worth $14,346,000. Artisan Partners Limited Partnership raised its stake in shares of Canada Goose by 134.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 779,828 shares of the company’s stock worth $16,025,000 after purchasing an additional 447,332 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Canada Goose by 43,295.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 436,559 shares of the company’s stock worth $13,778,000 after purchasing an additional 435,553 shares during the period. Institutional investors own 28.01% of the company’s stock.

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Shares of Canada Goose stock opened at $33.42 on Friday. Canada Goose Holdings has a 52-week low of $15.50 and a 52-week high of $38.25. The stock has a market capitalization of $3,606.95 and a P/E ratio of 71.11. The company has a current ratio of 2.22, a quick ratio of 1.24 and a debt-to-equity ratio of 0.56.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $240.68 million. Canada Goose had a return on equity of 41.96% and a net margin of 12.91%. Canada Goose’s quarterly revenue was up 27.1% compared to the same quarter last year. sell-side analysts forecast that Canada Goose Holdings will post 0.53 EPS for the current year.

A number of equities research analysts have recently commented on the company. ValuEngine upgraded Canada Goose from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Credit Suisse Group began coverage on Canada Goose in a research note on Monday, March 12th. They set an “outperform” rating on the stock. Robert W. Baird upgraded Canada Goose from a “neutral” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Thursday, February 8th. Finally, Canaccord Genuity restated a “buy” rating and issued a $50.00 price objective (up from $36.00) on shares of Canada Goose in a research note on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.92.

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Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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