Timucuan Asset Management Inc. FL Sells 10,315 Shares of Canada Goose Holdings Inc. $GOOS

Timucuan Asset Management Inc. FL lessened its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 0.5% during the second quarter, Holdings Channel.com reports. The firm owned 1,937,925 shares of the company’s stock after selling 10,315 shares during the quarter. Canada Goose accounts for 0.6% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 18th largest holding. Timucuan Asset Management Inc. FL’s holdings in Canada Goose were worth $21,685,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOS. Vanguard Personalized Indexing Management LLC bought a new position in shares of Canada Goose during the second quarter valued at about $151,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Canada Goose by 62.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company’s stock valued at $180,000 after acquiring an additional 8,690 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Canada Goose by 8.7% in the 1st quarter. Mackenzie Financial Corp now owns 23,223 shares of the company’s stock valued at $184,000 after acquiring an additional 1,864 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Canada Goose by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,791 shares of the company’s stock valued at $187,000 after acquiring an additional 914 shares during the period. Finally, Jump Financial LLC bought a new position in Canada Goose during the 1st quarter worth approximately $221,000. 83.64% of the stock is owned by institutional investors.

Canada Goose Stock Performance

Shares of GOOS stock opened at $14.38 on Tuesday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 79.89 and a beta of 1.71. The stock has a fifty day moving average of $13.43 and a 200 day moving average of $12.73. Canada Goose Holdings Inc. has a 52 week low of $6.73 and a 52 week high of $15.43. The company has a quick ratio of 0.82, a current ratio of 1.89 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Canada Goose had a net margin of 1.96% and a return on equity of 15.35%. The company had revenue of $195.63 million for the quarter, compared to analysts’ expectations of $274.05 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Cowen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, October 8th. Barclays lowered their price target on shares of Canada Goose from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Finally, Evercore ISI boosted their price objective on shares of Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Canada Goose currently has a consensus rating of “Hold” and a consensus target price of $15.00.

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.