Cubist Systematic Strategies LLC Acquires New Stake in Canada Goose Holdings Inc. (NYSE:GOOS)

Cubist Systematic Strategies LLC bought a new position in Canada Goose Holdings Inc. (NYSE:GOOS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 26,155 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after purchasing an additional 2,002 shares during the last quarter. Claro Advisors LLC bought a new position in Canada Goose in the 1st quarter worth about $210,000. BNP Paribas Financial Markets raised its stake in shares of Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after acquiring an additional 19,953 shares in the last quarter. GAM Holding AG boosted its holdings in shares of Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after purchasing an additional 8,430 shares during the period. Finally, American Century Companies Inc. grew its stake in Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after purchasing an additional 13,300 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Stock Up 2.8 %

NYSE:GOOS opened at $11.85 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. The stock has a market capitalization of $1.14 billion, a P/E ratio of 32.03, a P/E/G ratio of 0.64 and a beta of 1.32. The company’s 50-day simple moving average is $11.14 and its 200-day simple moving average is $11.92. Canada Goose Holdings Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $14.75.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. On average, equities analysts anticipate that Canada Goose Holdings Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. UBS Group dropped their target price on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Wedbush began coverage on shares of Canada Goose in a research note on Friday, July 19th. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Canada Goose has an average rating of “Hold” and a consensus target price of $14.07.

Canada Goose Company Profile

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.