Portolan Capital Management LLC Makes New $4.40 Million Investment in Canada Goose Holdings Inc. (NYSE:GOOS)

Portolan Capital Management LLC acquired a new position in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 439,007 shares of the company's stock, valued at approximately $4,403,000. Portolan Capital Management LLC owned approximately 0.45% of Canada Goose as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new position in shares of Canada Goose in the fourth quarter valued at about $12,251,000. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of 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 worth $12,223,000 after acquiring an additional 14,341 shares during the last quarter. Wells Fargo & Company MN lifted its position 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $3,769,000. Finally, Pier Capital LLC increased its holdings in shares of Canada Goose by 118.0% in the fourth quarter. Pier Capital LLC now owns 357,849 shares of the company's stock valued at $3,589,000 after purchasing an additional 193,708 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Canada Goose Trading Up 2.9 %

GOOS traded up $0.22 during mid-day trading on Friday, hitting $8.00. The stock had a trading volume of 634,907 shares, compared to its average volume of 846,787. The stock's fifty day simple moving average is $8.88 and its 200-day simple moving average is $9.76. The firm has a market capitalization of $774.64 million, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $14.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. As a group, research analysts forecast that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GOOS shares. Evercore ISI cut their price target on Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. Barclays reiterated an "underweight" rating and set a $8.00 target price (down previously from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.20.

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.