Pinnacle Associates Ltd. Has $6.62 Million Stock Holdings in Canada Goose Holdings Inc. $GOOS

Pinnacle Associates Ltd. lifted its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 25.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,214 shares of the company’s stock after purchasing an additional 98,570 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Canada Goose were worth $6,622,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE grew its stake in Canada Goose by 1,557.5% in the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after acquiring an additional 1,189,523 shares during the period. Marshall Wace LLP raised its position in shares of Canada Goose by 115.3% during 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 during the period. Headwater Capital Co Ltd bought a new position in shares of Canada Goose during the 2nd quarter valued at about $7,385,000. Raymond James Financial Inc. lifted its holdings in shares of Canada Goose by 12.3% during the 2nd quarter. Raymond James Financial Inc. now owns 488,181 shares of the company’s stock valued at $5,463,000 after purchasing an additional 53,573 shares in the last quarter. Finally, SCP Investment LP grew its position in shares of Canada Goose by 75.0% in the 3rd quarter. SCP Investment LP now owns 350,000 shares of the company’s stock valued at $4,826,000 after purchasing an additional 150,000 shares during the period. Institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

NYSE GOOS opened at $11.17 on Tuesday. The firm’s 50 day moving average is $12.49 and its 200-day moving average is $13.07. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.09 billion, a PE ratio of 85.94 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.

Analyst Ratings Changes

GOOS has been the topic of several research analyst reports. Zacks Research downgraded shares of Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Robert W. Baird cut shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. UBS Group increased their price objective on shares of Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus 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.