Canada Goose Holdings Inc. $GOOS Stock Holdings Lifted by SCP Investment LP

SCP Investment LP boosted its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 75.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,000 shares of the company’s stock after buying an additional 150,000 shares during the period. Canada Goose makes up 3.9% of SCP Investment LP’s holdings, making the stock its 6th largest position. SCP Investment LP’s holdings in Canada Goose were worth $4,826,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GOOS. Plato Investment Management Ltd acquired a new position in shares of Canada Goose during the third quarter valued at about $88,000. Ameriprise Financial Inc. purchased a new stake in Canada Goose during the 2nd quarter worth approximately $139,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Canada Goose in the second quarter worth $151,000. Lazard Asset Management LLC acquired a new stake in shares of Canada Goose during the second quarter worth $158,000. Finally, Invesco Ltd. grew its holdings in shares of Canada Goose by 7.2% during the second quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after buying an additional 1,012 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of NYSE GOOS opened at $11.94 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 91.85 and a beta of 1.78. The firm’s 50 day simple moving average is $12.73 and its 200-day simple moving average is $13.00. Canada Goose Holdings Inc. has a 12 month low of $6.73 and a 12 month high of $15.43.

Wall Street Analyst Weigh In

Several analysts have weighed in on GOOS shares. Barclays downgraded Canada Goose from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $12.00 to $10.00 in a research note on Friday, February 6th. Wall Street Zen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Robert W. Baird lowered shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. UBS Group upped their price objective on shares of Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $15.17.

Canada Goose Profile

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.