Simcoe Capital LLC acquired a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 204,544 shares of the company’s stock, valued at approximately $2,649,000. Canada Goose makes up about 2.5% of Simcoe Capital LLC’s investment portfolio, making the stock its 25th biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TD Asset Management Inc boosted its stake in Canada Goose by 1.5% during the third quarter. TD Asset Management Inc now owns 59,646 shares of the company’s stock worth $821,000 after buying an additional 868 shares during the last quarter. Invesco Ltd. raised its position in Canada Goose by 7.2% in the second quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after purchasing an additional 1,012 shares during the period. National Bank of Canada FI raised its position in Canada Goose by 6.4% in the third quarter. National Bank of Canada FI now owns 21,825 shares of the company’s stock valued at $291,000 after purchasing an additional 1,320 shares during the period. Russell Investments Group Ltd. raised its position in Canada Goose by 5.9% in the second quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock valued at $324,000 after purchasing an additional 1,630 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in Canada Goose by 14.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,410 shares of the company’s stock valued at $213,000 after purchasing an additional 1,956 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird downgraded Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research report on Monday, April 20th. The Goldman Sachs Group restated a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $15.17.
Canada Goose Stock Down 1.3%
Shares of NYSE:GOOS opened at $10.97 on Wednesday. The firm’s 50 day moving average price is $11.24 and its 200 day moving average price is $12.34. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 84.35 and a beta of 1.67. Canada Goose Holdings Inc. has a fifty-two week low of $8.86 and a fifty-two week high of $15.43. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69.
Canada Goose Company 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.
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