Bank of America Corp DE Reduces Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Bank of America Corp DE trimmed its stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 97.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,397 shares of the company's stock after selling 1,394,364 shares during the period. Bank of America Corp DE's holdings in Canada Goose were worth $315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOS. Bayesian Capital Management LP purchased a new position in shares of Canada Goose in the 4th quarter valued at approximately $269,000. BNP Paribas Financial Markets lifted its position in Canada Goose by 508.0% during the fourth quarter. BNP Paribas Financial Markets now owns 19,238 shares of the company's stock valued at $193,000 after buying an additional 16,074 shares during the period. Nexpoint Asset Management L.P. bought a new stake in shares of Canada Goose during the 4th quarter valued at $376,000. Nebula Research & Development LLC purchased a new stake in shares of Canada Goose in the 4th quarter worth about $213,000. Finally, Penn Capital Management Company LLC bought a new position in shares of Canada Goose in the 4th quarter worth about $5,702,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Stock Down 2.9%

Shares of GOOS traded down $0.34 on Tuesday, hitting $11.27. 684,757 shares of the stock traded hands, compared to its average volume of 910,992. The company has a market capitalization of $1.09 billion, a PE ratio of 16.57, a P/E/G ratio of 0.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.50 and a current ratio of 2.66. The business has a 50 day simple moving average of $9.69 and a 200 day simple moving average of $9.69. Canada Goose Holdings Inc. has a one year low of $6.73 and a one year high of $13.68.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.16 by $0.17. The business had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a return on equity of 23.33% and a net margin of 7.02%. The company's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. As a group, equities analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on GOOS. Cowen reissued a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. Wall Street Zen raised Canada Goose from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. UBS Group restated a "neutral" rating and issued a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Evercore ISI set a $11.00 price objective on Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd. Finally, Barclays boosted their target price on Canada Goose from $8.00 to $11.00 and gave the stock an "underweight" rating in a report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.50.

Canada Goose Company Profile

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.