Massachusetts Financial Services Co. MA Decreases Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Massachusetts Financial Services Co. MA cut its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,848,129 shares of the company's stock after selling 694,093 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.91% of Canada Goose worth $14,693,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MQS Management LLC bought a new stake in Canada Goose during the 1st quarter valued at approximately $86,000. Public Employees Retirement System of Ohio increased its stake in Canada Goose by 10.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock worth $167,000 after acquiring an additional 1,578 shares during the last quarter. Scion Asset Management LLC bought a new stake in Canada Goose in the 4th quarter worth approximately $249,000. Patient Capital Management LLC increased its stake in Canada Goose by 3.4% in the 4th quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock worth $38,661,000 after acquiring an additional 128,133 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in Canada Goose in the 4th quarter worth approximately $145,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GOOS shares. Wells Fargo & Company raised Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. 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, May 22nd. The Goldman Sachs Group upped 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, May 22nd. UBS Group reaffirmed a "neutral" rating and issued a $11.00 price objective (up previously from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. Finally, Cowen restated a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Canada Goose presently has a consensus rating of "Hold" and an average price target of $11.25.

Canada Goose Trading Up 1.7%

GOOS traded up $0.25 during mid-day trading on Monday, hitting $14.27. 669,250 shares of the stock were exchanged, compared to its average volume of 959,886. The firm's fifty day moving average is $11.62 and its two-hundred day moving average is $10.08. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $14.55. The company has a current ratio of 2.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.38 billion, a PE ratio of 20.96, a PEG ratio of 0.89 and a beta of 1.42.

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, beating analysts' consensus estimates 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 business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. Equities analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

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.