Russell Investments Group Ltd. Cuts Stock Holdings in Canada Goose Holdings Inc. (NYSE:GOOS)

Russell Investments Group Ltd. lessened its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,079 shares of the company’s stock after selling 3,967 shares during the period. Russell Investments Group Ltd.’s holdings in Canada Goose were worth $453,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GOOS. MML Investors Services LLC acquired a new stake in Canada Goose in the 3rd quarter worth approximately $200,000. DGS Capital Management LLC acquired a new stake in shares of Canada Goose during the third quarter worth $131,000. Alberta Investment Management Corp acquired a new stake in shares of Canada Goose during the fourth quarter worth $748,000. Olympiad Research LP grew its holdings in shares of Canada Goose by 18.2% during the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after buying an additional 2,549 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd lifted its position in Canada Goose by 63.2% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 21,172 shares of the company’s stock worth $212,000 after acquiring an additional 8,200 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Trading Up 1.8 %

GOOS opened at $8.48 on Thursday. The company’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $9.69. The firm has a market capitalization of $820.91 million, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. Canada Goose Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $14.75.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Analysts expect that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GOOS shares. Barclays reaffirmed an “underweight” rating and set a $8.00 target price (down from $10.00) on shares of Canada Goose in a report on Monday, March 31st. Evercore ISI cut their price target on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.20.

Canada Goose 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.