Portolan Capital Management LLC Has $29.98 Million Position in Canada Goose Holdings Inc. $GOOS

Portolan Capital Management LLC lifted its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 46.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,174,001 shares of the company’s stock after buying an additional 686,504 shares during the period. Canada Goose comprises approximately 1.6% of Portolan Capital Management LLC’s holdings, making the stock its 16th largest position. Portolan Capital Management LLC’s holdings in Canada Goose were worth $29,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOS. Bank of America Corp DE boosted its position in shares of Canada Goose by 1,557.5% during the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Headwater Capital Co Ltd bought a new stake in Canada Goose in the second quarter worth approximately $7,385,000. Marshall Wace LLP increased its holdings in Canada Goose by 115.3% in the second quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock worth $12,543,000 after purchasing an additional 600,242 shares in the last quarter. Kessler Investment Group LLC acquired a new position in Canada Goose in the third quarter valued at approximately $4,128,000. Finally, Jump Financial LLC lifted its stake in Canada Goose by 1,064.7% in the second quarter. Jump Financial LLC now owns 323,054 shares of the company’s stock valued at $3,615,000 after buying an additional 295,318 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Stock Down 0.4%

Shares of NYSE:GOOS opened at $10.76 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12. Canada Goose Holdings Inc. has a 52-week low of $6.73 and a 52-week high of $15.43. The business’s 50 day simple moving average is $12.32 and its two-hundred day simple moving average is $13.03. The firm has a market cap of $1.05 billion, a P/E ratio of 82.78 and a beta of 1.72.

Wall Street Analysts Forecast Growth

GOOS has been the subject of several recent analyst reports. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Robert W. Baird downgraded shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Zacks Research cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, Barclays downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $12.00 to $10.00 in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. 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.