Charles Schwab Investment Management Inc. Increases Stock Holdings in Canada Goose Holdings Inc. $GOOS

Charles Schwab Investment Management Inc. boosted its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 62.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,693 shares of the company’s stock after purchasing an additional 8,690 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Canada Goose were worth $180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GOOS. Envestnet Asset Management Inc. boosted its position in Canada Goose by 16.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company’s stock worth $242,000 after purchasing an additional 3,410 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Canada Goose by 22.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company’s stock worth $1,906,000 after purchasing an additional 34,327 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Canada Goose by 508.0% in the 4th quarter. BNP Paribas Financial Markets now owns 19,238 shares of the company’s stock worth $193,000 after purchasing an additional 16,074 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Canada Goose in the 4th quarter worth $269,000. Finally, Deutsche Bank AG lifted its position in shares of Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after buying an additional 5,259 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GOOS. The Goldman Sachs Group lifted their price objective on Canada Goose from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Thursday, May 22nd. Cowen reaffirmed a “hold” rating on shares of Canada Goose in a research report on Thursday, May 22nd. Wall Street Zen cut Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group reaffirmed a “neutral” rating and set a $11.00 price objective (up from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Finally, Robert W. Baird set a $28.00 price objective on Canada Goose in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.40.

Canada Goose Stock Down 0.3%

NYSE GOOS opened at $13.12 on Friday. The stock’s 50 day moving average is $12.51 and its 200 day moving average is $10.56. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. Canada Goose Holdings Inc. has a 12 month low of $6.73 and a 12 month high of $15.43. The stock has a market cap of $1.27 billion, a PE ratio of 38.57, a P/E/G ratio of 0.98 and a beta of 1.46.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.04). Canada Goose had a net margin of 3.48% and a return on equity of 19.85%. The company had revenue of $77.91 million for the quarter, compared to the consensus estimate of $68.33 million. During the same period last year, the company earned $0.78 EPS. Research analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

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.