Armistice Capital LLC Purchases New Shares in Canada Goose Holdings Inc. (NYSE:GOOS)

Armistice Capital LLC purchased a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 335,000 shares of the company’s stock, valued at approximately $4,332,000.

A number of other institutional investors have also added to or reduced their stakes in GOOS. Boulder Hill Capital Management LP bought a new position in Canada Goose in the 4th quarter valued at $784,000. Alberta Investment Management Corp boosted its holdings in shares of Canada Goose by 638.2% in the 4th 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. Patient Capital Management LLC grew its position in Canada Goose by 16.0% during the fourth quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock valued at $45,537,000 after buying an additional 529,177 shares during the period. Claro Advisors LLC purchased a new stake in Canada Goose during the first quarter worth about $210,000. Finally, Shaker Investments LLC OH raised its position in Canada Goose by 120.5% in the first quarter. Shaker Investments LLC OH now owns 43,980 shares of the company’s stock worth $530,000 after acquiring an additional 24,031 shares during the period. 83.64% of the stock is owned by institutional investors.

Canada Goose Price Performance

Canada Goose stock opened at $11.88 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 32.09, a PEG ratio of 0.58 and a beta of 1.32. Canada Goose Holdings Inc. has a one year low of $9.80 and a one year high of $15.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63. The business has a fifty day moving average price of $10.99 and a 200-day moving average price of $11.94.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The business had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. As a group, equities research analysts forecast that Canada Goose Holdings Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

GOOS has been the subject of several research analyst reports. Wedbush initiated coverage on shares of Canada Goose in a research note on Friday, July 19th. They set an “outperform” rating for the company. UBS Group decreased their target price on Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays lowered their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Finally, Raymond James downgraded Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.07.

About Canada Goose

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.