Pier Capital LLC Has $3.59 Million Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Pier Capital LLC boosted its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 118.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 357,849 shares of the company’s stock after purchasing an additional 193,708 shares during the quarter. Pier Capital LLC owned about 0.37% of Canada Goose worth $3,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after buying an additional 2,087 shares during the period. Olympiad Research LP lifted its stake in shares of Canada Goose by 18.2% in the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after purchasing an additional 2,549 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after purchasing an additional 4,213 shares during the period. Toronto Dominion Bank boosted its position in shares of Canada Goose by 28.3% in the 3rd quarter. Toronto Dominion Bank now owns 31,430 shares of the company’s stock worth $394,000 after purchasing an additional 6,930 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in shares of Canada Goose by 75.0% during the fourth quarter. DGS Capital Management LLC now owns 18,348 shares of the company’s stock worth $184,000 after purchasing an additional 7,863 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOS has been the topic of several analyst reports. Evercore ISI cut their target price on Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.60.

Canada Goose Price Performance

Shares of GOOS opened at $8.61 on Tuesday. The stock has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $10.20. Canada Goose Holdings Inc. has a 52-week low of $8.25 and a 52-week high of $14.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. The firm has a market capitalization of $833.21 million, a PE ratio of 16.55, a P/E/G ratio of 1.00 and a beta of 1.35.

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

About Canada Goose

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.