Tower Research Capital LLC TRC Sells 2,718 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Tower Research Capital LLC TRC reduced its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 17.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 13,244 shares of the company’s stock after selling 2,718 shares during the period. Tower Research Capital LLC TRC’s holdings in Canada Goose were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Street Markets LLC bought a new stake in shares of Canada Goose during the 4th quarter worth approximately $31,000. Gyon Technologies Capital Management LP bought a new stake in Canada Goose during the 4th quarter valued at $38,000. Deutsche Bank AG bought a new stake in Canada Goose during the 4th quarter valued at $49,000. Picton Mahoney Asset Management bought a new stake in Canada Goose during the 1st quarter valued at $167,000. Finally, Balyasny Asset Management LLC bought a new stake in Canada Goose during the 3rd quarter valued at $183,000. 55.73% of the stock is owned by institutional investors.

Canada Goose Trading Up 0.3 %

GOOS opened at $15.18 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 0.66 and a beta of 1.66. The company has a current ratio of 2.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.99. Canada Goose Holdings Inc. has a 12 month low of $14.51 and a 12 month high of $24.73. The stock has a fifty day moving average price of $16.90 and a 200-day moving average price of $17.89.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.12. The firm had revenue of $63.14 million during the quarter. Canada Goose had a return on equity of 22.58% and a net margin of 4.28%. As a group, equities research analysts anticipate that Canada Goose Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOS. Barclays decreased their target price on Canada Goose from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. Bank of America decreased their target price on Canada Goose from $17.00 to $14.80 in a research report on Thursday, May 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.48.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.