Nexpoint Asset Management L.P. Takes Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Nexpoint Asset Management L.P. bought a new stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,450 shares of the company's stock, valued at approximately $376,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in Canada Goose during the fourth quarter worth approximately $12,251,000. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Canada Goose by 1.2% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company's stock worth $12,223,000 after acquiring an additional 14,341 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in Canada Goose in the fourth quarter valued at $5,702,000. Portolan Capital Management LLC acquired a new position in Canada Goose in the fourth quarter valued at $4,403,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Canada Goose by 4.5% during the fourth quarter. Wells Fargo & Company MN now owns 378,171 shares of the company's stock worth $3,793,000 after purchasing an additional 16,399 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays reissued an "underweight" rating and issued a $8.00 target price (down from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Evercore ISI lowered their price objective on shares of Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company raised Canada Goose from an "underweight" rating to an "equal weight" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.20.

Canada Goose Price Performance

Canada Goose stock traded up $0.07 during midday trading on Friday, reaching $8.30. The company's stock had a trading volume of 735,467 shares, compared to its average volume of 861,339. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. Canada Goose Holdings Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $14.75. The firm has a market capitalization of $803.49 million, a PE ratio of 15.96, a P/E/G ratio of 1.00 and a beta of 1.26. The stock's 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.52.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. On average, equities research analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

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.