Canada Goose Holdings Inc. (NYSE:GOOS) is SCP Investment LP’s 10th Largest Position

SCP Investment LP reduced its stake in Canada Goose Holdings Inc. (NYSE:GOOS) by 57.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the company’s stock after selling 265,000 shares during the quarter. Canada Goose accounts for 1.5% of SCP Investment LP’s investment portfolio, making the stock its 10th biggest holding. SCP Investment LP owned about 0.21% of Canada Goose worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GOOS. Arrowstreet Capital Limited Partnership acquired a new stake in Canada Goose in the fourth quarter valued at about $12,251,000. Pier Capital LLC lifted its holdings in shares of Canada Goose by 118.0% in the 4th quarter. Pier Capital LLC now owns 357,849 shares of the company’s stock valued at $3,589,000 after buying an additional 193,708 shares during the period. LPL Financial LLC boosted its stake in shares of Canada Goose by 21.2% in the fourth quarter. LPL Financial LLC now owns 97,174 shares of the company’s stock valued at $975,000 after buying an additional 16,983 shares in the last quarter. Virtu Financial LLC acquired a new position in Canada Goose during the fourth quarter worth $100,000. Finally, Aviso Financial Inc. lifted its holdings in Canada Goose by 4,136.6% in the fourth quarter. Aviso Financial Inc. now owns 90,028 shares of the company’s stock valued at $904,000 after acquiring an additional 87,903 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOS has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Evercore ISI decreased 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. Finally, Barclays dropped their price objective on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. 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. Based on data from MarketBeat, Canada Goose currently has an average rating of “Hold” and a consensus target price of $10.60.

Canada Goose Trading Down 1.9 %

Shares of GOOS stock opened at $8.23 on Friday. Canada Goose Holdings Inc. has a twelve month low of $8.16 and a twelve month high of $14.75. The company has a market capitalization of $796.91 million, a price-to-earnings ratio of 15.83, a PEG ratio of 1.00 and a beta of 1.35. The firm has a 50-day moving average price of $9.86 and a 200 day moving average price of $10.15. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Research analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Canada Goose 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.