Lisanti Capital Growth LLC Invests $3.06 Million in Canada Goose Holdings Inc. $GOOS

Lisanti Capital Growth LLC purchased a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 221,585 shares of the company’s stock, valued at approximately $3,056,000. Lisanti Capital Growth LLC owned approximately 0.23% of Canada Goose at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new position in shares of Canada Goose in the 2nd quarter valued at $139,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Canada Goose in the 2nd quarter worth approximately $151,000. Lazard Asset Management LLC purchased a new stake in Canada Goose in the 2nd quarter worth approximately $158,000. Invesco Ltd. boosted its stake in shares of Canada Goose by 7.2% during 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. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Canada Goose by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 16,791 shares of the company’s stock worth $187,000 after acquiring an additional 914 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Stock Down 1.6%

Canada Goose stock opened at $12.16 on Friday. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.82. The firm has a market capitalization of $1.18 billion, a PE ratio of 67.56 and a beta of 1.75. The company’s 50-day moving average is $13.11 and its 200-day moving average is $13.14.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $195.63 million for the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.Canada Goose’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. Sell-side analysts anticipate that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

GOOS has been the subject of a number of recent analyst reports. Evercore ISI upped their target price on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Friday, November 7th. Barclays boosted their target price on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Finally, UBS Group raised their target price on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

About Canada Goose

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.