Clough Capital Partners L P Invests $917,000 in Canada Goose Holdings Inc. $GOOS

Clough Capital Partners L P acquired a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) in the first quarter, Holdings Channel.com reports. The firm acquired 83,596 shares of the company’s stock, valued at approximately $917,000.

Several other hedge funds also recently bought and sold shares of GOOS. Northwestern Mutual Wealth Management Co. increased its holdings in Canada Goose by 15,788,723.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after acquiring an additional 36,629,838 shares during the period. Marshall Wace LLP boosted its holdings in Canada Goose by 132.5% in the 4th quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock valued at $19,952,000 after purchasing an additional 877,987 shares during the period. Bank of America Corp DE boosted its holdings in Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after purchasing an additional 1,189,523 shares during the period. Kessler Investment Group LLC grew its position in shares of Canada Goose by 126.8% during the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock valued at $8,792,000 after purchasing an additional 379,516 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its position in shares of Canada Goose by 21.2% during the 4th quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock valued at $7,535,000 after purchasing an additional 101,665 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Performance

Canada Goose stock opened at $8.89 on Monday. Canada Goose Holdings Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63. The stock has a market cap of $863.38 million, a P/E ratio of 68.37 and a beta of 1.61. The firm’s fifty day moving average price is $9.69 and its 200-day moving average price is $11.02.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The company had revenue of $325.89 million during the quarter, compared to analysts’ expectations of $295.79 million. During the same quarter last year, the firm posted $0.33 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, equities research analysts expect that Canada Goose Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GOOS has been the topic of a number of recent analyst reports. Zacks Research upgraded Canada Goose from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Robert W. Baird set a $11.66 target price on Canada Goose in a research report on Friday, May 15th. Wall Street Zen lowered Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Finally, Barclays lowered their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.53.

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.