Kessler Investment Group LLC Invests $4.13 Million in Canada Goose Holdings Inc. $GOOS

Kessler Investment Group LLC bought a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 299,376 shares of the company’s stock, valued at approximately $4,128,000. Canada Goose accounts for approximately 1.8% of Kessler Investment Group LLC’s portfolio, making the stock its 22nd largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Canada Goose by 62.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 22,693 shares of the company’s stock worth $180,000 after buying an additional 8,690 shares in the last quarter. Nuveen LLC acquired a new position in shares of Canada Goose in the first quarter worth about $267,000. Raymond James Financial Inc. boosted its stake in shares of Canada Goose by 15.6% during the 1st quarter. Raymond James Financial Inc. now owns 434,608 shares of the company’s stock worth $3,455,000 after acquiring an additional 58,798 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Canada Goose during the 1st quarter worth about $270,000. Finally, Jump Financial LLC acquired a new stake in shares of Canada Goose during the 1st quarter valued at about $221,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Stock Performance

NYSE GOOS opened at $12.87 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $13.28 and its 200-day simple moving average is $12.90. The company has a market cap of $1.25 billion, a PE ratio of 71.50 and a beta of 1.71. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $15.43.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.The firm had revenue of $195.63 million for the quarter, compared to analysts’ expectations of $274.05 million. During the same quarter 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, equities research analysts anticipate that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOS shares. Barclays reduced their price target on Canada Goose from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Robert W. Baird set a $28.00 target price on Canada Goose in a research note on Thursday, August 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, October 8th. UBS Group boosted their price target on shares of Canada Goose from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, TD Cowen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $18.00 in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

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.