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

Bank of America Corp DE lessened 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 Form 13F filing with the SEC. The fund owned 31,397 shares of the company's stock after selling 1,394,364 shares during the quarter. Bank of America Corp DE's holdings in Canada Goose were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOS. Arrowstreet Capital Limited Partnership acquired a new stake in Canada Goose during the fourth quarter worth $12,251,000. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in Canada Goose by 1.2% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company's stock valued at $12,223,000 after purchasing an additional 14,341 shares during the period. Penn Capital Management Company LLC purchased a new position in Canada Goose in the fourth quarter valued at $5,702,000. Portolan Capital Management LLC purchased a new position in Canada Goose in the fourth quarter valued at $4,403,000. Finally, Wells Fargo & Company MN boosted its holdings in Canada Goose by 4.5% in the fourth quarter. Wells Fargo & Company MN now owns 378,171 shares of the company's stock valued at $3,793,000 after purchasing an additional 16,399 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Canada Goose Stock Performance

GOOS stock traded down $0.44 during trading on Friday, hitting $11.02. The company had a trading volume of 643,513 shares, compared to its average volume of 909,443. The firm has a market cap of $1.07 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.47. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $13.68. The firm has a 50-day moving average price of $9.52 and a 200-day moving average price of $9.66. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on GOOS. Barclays lifted their price target on Canada Goose from $8.00 to $11.00 and gave the stock an "underweight" rating in a report on Friday, May 23rd. Wells Fargo & Company upgraded Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded Canada Goose from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Evercore ISI set a $11.00 target price on Canada Goose and gave the stock an "in-line" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group lifted their target price on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.