Canada Goose (GOOS) Stock: A Deep Dive into Q2 Institutional Holdings and Analyst Predictions

Canada Goose Holdings Inc. (NYSE:GOOS) stands as a beacon in the luxury performance apparel market, renowned for its iconic parkas and commitment to quality. However, beyond its popular consumer brand, Canada Goose is also a dynamic player on the stock market, constantly attracting the attention of institutional investors and financial analysts. Recent Q2 disclosures offer a fascinating glimpse into the company’s investment landscape, revealing notable shifts in institutional confidence and a diverse range of expert opinions.

Institutional Investors Flock and Shift: Who’s Betting on Canada Goose?

The second quarter saw substantial movements among major institutional players with significant stakes in Canada Goose stock. These shifts provide valuable insights into how large funds are positioning themselves regarding the luxury retailer, reflecting their strategic outlook on the brand’s future performance.

Scheer Rowlett & Associates Investment Management Ltd. notably increased its holdings in Canada Goose by 2.7%, acquiring an additional 27,170 shares. The firm now holds 1,047,971 shares, valuing their stake at approximately $11.7 million and making GOOS its 28th largest position.
Other prominent institutions also adjusted their positions. Public Employees Retirement System of Ohio boosted its Canada Goose holdings by 5.8%, while TD Asset Management Inc. increased its stake by 3.3% in Q1.
Mackenzie Financial Corp and Versor Investments LP also showed increased confidence, raising their positions by 8.7% and 14.3% respectively.
Perhaps one of the most significant jumps came from Charles Schwab Investment Management Inc., which lifted its stake by an impressive 62.1% during the first quarter.

Collectively, institutional investors currently own a substantial 83.64% of Canada Goose Holdings Inc. stock, underscoring the company’s appeal to large-scale investment firms. For those interested in tracking these movements, detailed SEC filings offer a transparent view into the financial world of Canada Goose.

Analyst Perspectives: A Mixed Forecast for GOOS

The sentiment from Wall Street analysts regarding Canada Goose stock is currently diverse, reflecting the complexities of the luxury retail market and broader economic factors. Recent analyst reports have presented a range of ratings and price targets, creating a varied outlook:

Wall Street Zen adjusted its rating from ‘buy’ to ‘hold’ in an August research note.
Baird R.W., conversely, upgraded Canada Goose from ‘hold’ to a ‘strong-buy’ rating later that month, signaling robust confidence.
Evercore ISI modestly increased its price target from $11.00 to $12.00, maintaining an ‘in-line’ rating.
Barclays lowered its price target from $14.00 to $13.00, assigning an ‘equal weight’ rating.
Notably, Robert W. Baird set an ambitious target price of $28.00 in late August.

Despite these varying opinions, the consensus rating for GOOS, according to data from MarketBeat, currently stands at ‘Hold’ with an average price target of $15.33. This suggests that while there’s optimism from some corners, analysts are largely taking a cautious stance, awaiting further clarity on the company’s trajectory in a dynamic market.

Canada Goose’s Financial Health Check: Key Metrics and Q2 Earnings

Understanding the underlying financial performance of Canada Goose Holdings Inc. is crucial for any investor looking at GOOS stock. The company’s stock performance and recent earnings report paint a detailed picture of its current standing.

Stock Performance Snapshot (as of recent data):

Opened at $12.60
52-week low: $6.73
52-week high: $15.43
50-day simple moving average: $13.67
200-day simple moving average: $12.18

Key Financial Ratios:

Debt-to-equity ratio: 0.87
Current ratio: 2.02
Quick ratio: 0.89
Market capitalization: $1.22 billion
P/E ratio: 69.97
Price-to-Earnings-Growth (PEG) ratio: 1.15
Beta: 1.64

Q2 Earnings Report Highlights:

On Thursday, November 6th, Canada Goose (GOOS) reported its quarterly earnings, which missed analyst expectations:

Earnings Per Share (EPS): ($0.10), missing consensus estimates of ($0.04) by $0.06.
Revenue: $195.63 million, falling short of analyst estimates of $274.05 million.
Revenue Growth: Up 1.8% year-over-year, indicating modest expansion.
Return on Equity: 14.87%, showcasing its efficiency in generating profit from shareholder equity.
Net Margin: 1.96%, reflecting the percentage of revenue translated into net income.

The company operates through three key segments: Direct-to-Consumer, Wholesale, and Other, designing, manufacturing, and selling luxury apparel across Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. For more detailed financial reports, the official Canada Goose Investor Relations page is an excellent resource.

The Road Ahead for Canada Goose Investors

The recent data on Canada Goose Holdings Inc. presents a nuanced picture for potential and current investors. While institutional interest remains robust, and some analysts are decidedly bullish, the latest earnings report indicates challenges in meeting market expectations. The luxury apparel sector itself faces evolving consumer trends and economic headwinds, which can impact brands like Canada Goose.

As the company navigates its strategic growth and market dynamics, monitoring subsequent earnings calls, analyst revisions, and the broader luxury goods market will be key. Investors should always conduct their own thorough research and consider multiple sources of information before making investment decisions regarding GOOS stock. For real-time stock data, you can check the NYSE:GOOS listing directly.