Patient Capital Management LLC Increases Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Patient Capital Management LLC lifted its holdings in Canada Goose Holdings Inc. (NYSE:GOOSFree Report) by 16.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,842,824 shares of the company’s stock after buying an additional 529,177 shares during the period. Canada Goose makes up about 2.4% of Patient Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Patient Capital Management LLC’s holdings in Canada Goose were worth $45,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Canada Goose in the fourth quarter worth approximately $1,187,000. Baillie Gifford & Co. purchased a new position in shares of Canada Goose in the third quarter worth approximately $2,092,000. Alberta Investment Management Corp boosted its holdings in shares of Canada Goose by 638.2% in the fourth quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock worth $1,198,000 after buying an additional 86,800 shares during the last quarter. Boulder Hill Capital Management LP purchased a new position in shares of Canada Goose in the fourth quarter worth approximately $784,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Canada Goose by 19.5% in the third quarter. The Manufacturers Life Insurance Company now owns 4,967,875 shares of the company’s stock worth $72,905,000 after buying an additional 812,174 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of GOOS stock traded down $0.24 during mid-day trading on Thursday, hitting $13.28. The company had a trading volume of 343,963 shares, compared to its average volume of 1,132,574. Canada Goose Holdings Inc. has a 52-week low of $9.80 and a 52-week high of $18.63. The stock’s 50 day moving average price is $12.32 and its 200-day moving average price is $12.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.39 and a quick ratio of 0.95. The company has a market capitalization of $1.29 billion, a P/E ratio of 35.92, a P/E/G ratio of 2.42 and a beta of 1.40.

Canada Goose (NYSE:GOOSGet Free Report) last released its earnings results on Thursday, May 16th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. Canada Goose had a net margin of 4.28% and a return on equity of 25.44%. The firm had revenue of $265.56 million for the quarter, compared to the consensus estimate of $232.36 million. Equities research analysts forecast that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

GOOS has been the topic of a number of research reports. Evercore raised their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. Evercore ISI lifted their price target on shares of Canada Goose from $12.00 to $13.00 and gave the company an “in-line” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, May 17th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Canada Goose has an average rating of “Hold” and a consensus target price of $14.42.

Check Out Our Latest Stock Analysis on GOOS

Canada Goose Profile

(Free Report)

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.

Further Reading

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

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