Clough Capital Partners L P Purchases New Stake in Canada Goose Holdings Inc. $GOOS

Clough Capital Partners L P acquired a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 83,596 shares of the company’s stock, valued at approximately $917,000. Clough Capital Partners L P owned about 0.09% of Canada Goose as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Canada Goose by 15,788,723.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after acquiring an additional 36,629,838 shares during the period. Bank of America Corp DE raised its holdings in shares of Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares during the period. Marshall Wace LLP lifted its stake in Canada Goose by 132.5% in the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock valued at $19,952,000 after purchasing an additional 877,987 shares during the last quarter. CenterBook Partners LP purchased a new position in Canada Goose in the fourth quarter valued at approximately $5,363,000. Finally, Millennium Management LLC lifted its stake in Canada Goose by 279.8% in the fourth quarter. Millennium Management LLC now owns 548,919 shares of the company’s stock valued at $7,109,000 after purchasing an additional 404,374 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Down 0.0%

GOOS opened at $8.89 on Monday. Canada Goose Holdings Inc. has a 12 month low of $8.75 and a 12 month high of $15.40. The company has a market cap of $863.38 million, a PE ratio of 68.37 and a beta of 1.61. The company has a current ratio of 2.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average of $9.69 and a 200 day moving average of $11.02.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (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 business had revenue of $325.89 million for the quarter, compared to the consensus estimate of $295.79 million. During the same period in the previous year, the firm earned $0.33 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts expect that Canada Goose Holdings Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GOOS. Evercore set a $10.00 target price on Canada Goose in a research report on Friday, May 15th. Barclays dropped their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Williams Trading downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday. Robert W. Baird set a $11.66 price objective on Canada Goose in a report on Friday, May 15th. Finally, Zacks Research upgraded Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.