Graham Capital Management L.P. Raises Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Graham Capital Management L.P. grew its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 155.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,487 shares of the company’s stock after acquiring an additional 50,176 shares during the period. Graham Capital Management L.P.’s holdings in Canada Goose were worth $827,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Olympiad Research LP raised its stake in shares of Canada Goose by 18.2% in the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after acquiring an additional 2,549 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Canada Goose by 16.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company’s stock valued at $242,000 after acquiring an additional 3,410 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after acquiring an additional 4,213 shares during the period. Deutsche Bank AG raised its stake in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after acquiring an additional 5,259 shares during the period. Finally, DGS Capital Management LLC increased its stake in Canada Goose by 75.0% during the 4th quarter. DGS Capital Management LLC now owns 18,348 shares of the company’s stock worth $184,000 after buying an additional 7,863 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOS has been the topic of several analyst reports. Barclays reaffirmed an “underweight” rating and set a $8.00 price target (down previously from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Wells Fargo & Company raised shares of Canada Goose from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Evercore ISI dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.20.

Canada Goose Stock Performance

Canada Goose stock opened at $9.20 on Wednesday. The company has a market capitalization of $890.62 million, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. 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 Holdings Inc. has a 12-month low of $6.73 and a 12-month high of $14.75. The firm’s fifty day moving average price is $8.26 and its 200 day moving average price is $9.43.

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.