Pier Capital LLC Reduces Holdings in Canada Goose Holdings Inc. $GOOS

Pier Capital LLC trimmed its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 695,564 shares of the company’s stock after selling 46,588 shares during the quarter. Canada Goose makes up 1.5% of Pier Capital LLC’s investment portfolio, making the stock its 11th largest position. Pier Capital LLC owned approximately 0.72% of Canada Goose worth $9,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. US Bancorp DE bought a new stake in Canada Goose in the third quarter valued at approximately $83,000. Plato Investment Management Ltd bought a new position in shares of Canada Goose in the third quarter worth approximately $88,000. Ameriprise Financial Inc. bought a new position in shares of Canada Goose in the second quarter worth approximately $139,000. Lazard Asset Management LLC purchased a new position in shares of Canada Goose in the second quarter worth $158,000. Finally, Invesco Ltd. raised its holdings in Canada Goose by 7.2% during the 2nd 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. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Price Performance

GOOS opened at $10.80 on Friday. The stock has a fifty day simple moving average of $12.37 and a two-hundred day simple moving average of $13.04. The company has a current ratio of 2.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 83.08 and a beta of 1.72. Canada Goose Holdings Inc. has a 12-month low of $6.73 and a 12-month high of $15.43.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Zacks Research cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Barclays downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $12.00 to $10.00 in a research note on Friday, February 6th. Robert W. Baird lowered shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, UBS Group raised their target price on Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target 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.