Hsbc Holdings PLC Sells 86,699 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Hsbc Holdings PLC trimmed its stake in Canada Goose Holdings Inc. (NYSE:GOOSFree Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,081,412 shares of the company’s stock after selling 86,699 shares during the quarter. Hsbc Holdings PLC owned approximately 1.10% of Canada Goose worth $12,864,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Canada Goose during the fourth quarter worth about $124,000. Total Clarity Wealth Management Inc. bought a new stake in Canada Goose in the 4th quarter valued at $198,000. GAM Holding AG bought a new position in Canada Goose during the fourth quarter worth $213,000. Shaker Investments LLC OH acquired a new position in shares of Canada Goose in the fourth quarter valued at $236,000. Finally, Aigen Investment Management LP increased its holdings in shares of Canada Goose by 103.3% in the fourth quarter. Aigen Investment Management LP now owns 23,033 shares of the company’s stock valued at $274,000 after purchasing an additional 11,703 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on GOOS shares. Evercore lifted their target price on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. Evercore ISI increased their price objective on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Friday, May 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, May 17th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.42.

Read Our Latest Report on GOOS

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $14.46 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.40 billion, a PE ratio of 39.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.46. The company has a 50 day moving average of $11.98 and a 200-day moving average of $12.09. Canada Goose Holdings Inc. has a 1-year low of $9.80 and a 1-year high of $18.63.

Canada Goose Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Canada Goose (NYSE:GOOS)

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