Pinnacle Associates Ltd. increased its stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 25.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 480,214 shares of the company's stock after purchasing an additional 98,570 shares during the period. Pinnacle Associates Ltd. owned 0.49% of Canada Goose worth $6,622,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kessler Investment Group LLC bought a new stake in shares of Canada Goose during the third quarter worth $4,128,000. Lisanti Capital Growth LLC acquired a new position in shares of Canada Goose during the third quarter valued at $3,056,000. Acadian Asset Management LLC bought a new position in Canada Goose in the second quarter valued at about $2,353,000. Headwater Capital Co Ltd acquired a new stake in Canada Goose in the second quarter worth about $7,385,000. Finally, Claret Asset Management Corp increased its position in Canada Goose by 42.7% in the second quarter. Claret Asset Management Corp now owns 86,614 shares of the company's stock worth $969,000 after purchasing an additional 25,907 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.
Canada Goose Price Performance
Canada Goose stock opened at $11.17 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.09 billion, a P/E ratio of 85.94 and a beta of 1.72. The business has a 50-day moving average of $12.49 and a 200-day moving average of $13.07. Canada Goose Holdings Inc. has a 1 year low of $6.73 and a 1 year high of $15.43.
Analysts Set New Price Targets
GOOS has been the topic of a number of research reports. Wall Street Zen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a research report on Sunday. Barclays downgraded shares of Canada Goose from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $12.00 to $10.00 in a research note on Friday, February 6th. The Goldman Sachs Group restated a "sell" rating on shares of Canada Goose in a report on Friday, February 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Canada Goose in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of Canada Goose from a "hold" rating to a "strong sell" rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $15.17.
Check Out Our Latest Stock Report on GOOS
About Canada Goose
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Free Report)
Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.
Founded in 1957 as Metro Sportswear Ltd.
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Want to see what other hedge funds are holding GOOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canada Goose Holdings Inc. (NYSE:GOOS - Free Report).
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