Empyrean Capital Partners LP Purchases New Holdings in Canada Goose Holdings Inc. (GOOS)
Empyrean Capital Partners LP purchased a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 67,000 shares of the company’s stock, valued at approximately $1,323,000. Empyrean Capital Partners LP owned approximately 0.06% of Canada Goose Holdings at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nationwide Fund Advisors increased its holdings in Canada Goose Holdings by 2.7% in the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock valued at $160,000 after purchasing an additional 210 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in Canada Goose Holdings by 20.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 24,000 shares of the company’s stock valued at $474,000 after buying an additional 4,000 shares during the last quarter. Franklin Resources Inc. boosted its position in Canada Goose Holdings by 1.4% in the 2nd quarter. Franklin Resources Inc. now owns 448,900 shares of the company’s stock valued at $8,872,000 after buying an additional 6,100 shares during the last quarter. Forward Management LLC purchased a new position in Canada Goose Holdings in the 2nd quarter valued at about $134,000. Finally, Bayesian Capital Management LP purchased a new position in Canada Goose Holdings in the 2nd quarter valued at about $226,000. Hedge funds and other institutional investors own 26.23% of the company’s stock.
Shares of Canada Goose Holdings Inc. (NYSE:GOOS) traded up 1.02% during trading on Friday, hitting $20.76. 304,893 shares of the stock traded hands. The firm has a 50 day moving average price of $19.06 and a 200-day moving average price of $18.51. The company has a market cap of $2.22 billion and a PE ratio of 110.43. Canada Goose Holdings Inc. has a one year low of $15.20 and a one year high of $24.32.
Canada Goose Holdings (NYSE:GOOS) last posted its quarterly earnings data on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to the consensus estimate of C$16.50 million. The business’s revenue for the quarter was up 79.6% on a year-over-year basis. Analysts anticipate that Canada Goose Holdings Inc. will post $0.43 earnings per share for the current fiscal year.
A number of research firms have weighed in on GOOS. Robert W. Baird reissued a “neutral” rating on shares of Canada Goose Holdings in a research report on Friday, June 16th. Bank of America Corporation raised shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, June 28th. Wells Fargo & Company reissued an “outperform” rating on shares of Canada Goose Holdings in a research report on Tuesday. Zacks Investment Research raised shares of Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, September 13th. Finally, Barclays PLC upped their price objective on shares of Canada Goose Holdings from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Canada Goose Holdings has an average rating of “Hold” and a consensus price target of C$26.82.
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Canada Goose Holdings Profile
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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