Pier Capital LLC Lowers Stock Holdings in Canada Goose Holdings Inc. $GOOS

Pier Capital LLC lessened its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 6.3% in the third quarter, Holdings Channel reports. The institutional investor owned 695,564 shares of the company’s stock after selling 46,588 shares during the period. Canada Goose accounts for approximately 1.5% of Pier Capital LLC’s portfolio, making the stock its 11th biggest position. Pier Capital LLC’s holdings in Canada Goose were worth $9,592,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GOOS shares. UBS Group raised their price target on shares of Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird downgraded Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, January 21st. Zacks Research downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $15.17.

Canada Goose Trading Down 1.5%

Shares of Canada Goose stock opened at $10.80 on Friday. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $15.43. The company’s fifty day simple moving average is $12.37 and its 200-day simple moving average is $13.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28. The stock has a market capitalization of $1.05 billion, a PE ratio of 83.08 and a beta of 1.72.

About Canada Goose

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.