Balyasny Asset Management L.P. Trims Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Balyasny Asset Management L.P. lowered its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 92.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,997 shares of the company's stock after selling 140,034 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Canada Goose were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Canada Goose in the fourth quarter worth about $12,251,000. Alberta Investment Management Corp purchased a new position in shares of Canada Goose in the fourth quarter worth about $748,000. Raymond James Financial Inc. purchased a new position in shares of Canada Goose in the fourth quarter worth about $3,769,000. Pier Capital LLC raised its stake in shares of Canada Goose by 118.0% in the fourth quarter. Pier Capital LLC now owns 357,849 shares of the company's stock worth $3,589,000 after purchasing an additional 193,708 shares during the last quarter. Finally, Aviso Financial Inc. raised its stake in shares of Canada Goose by 4,136.6% in the fourth quarter. Aviso Financial Inc. now owns 90,028 shares of the company's stock worth $904,000 after purchasing an additional 87,903 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Stock Performance

Shares of NYSE:GOOS traded up $0.52 during trading on Friday, reaching $11.93. The company had a trading volume of 1,559,429 shares, compared to its average volume of 887,456. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The stock's fifty day moving average price is $8.35 and its 200 day moving average price is $9.42. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $14.75.

Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.17. The firm had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. The firm's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

GOOS has been the topic of several recent analyst reports. Barclays increased their target price on shares of Canada Goose from $8.00 to $11.00 and gave the stock an "underweight" rating in a research note on Friday. UBS Group restated a "neutral" rating and issued a $11.00 price objective (up from $8.00) on shares of Canada Goose in a research report on Thursday. Evercore ISI set a $11.00 price objective on Canada Goose and gave the company an "in-line" rating in a research report on Thursday. Cowen restated a "hold" rating on shares of Canada Goose in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.50.

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.