Janney Montgomery Scott LLC trimmed its holdings in shares of Canada Goose Holdings Inc (NYSE:GOOS) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,148 shares of the company’s stock after selling 923 shares during the period. Janney Montgomery Scott LLC’s holdings in Canada Goose were worth $666,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Independent Advisor Alliance lifted its position in Canada Goose by 112.0% during the second quarter. Independent Advisor Alliance now owns 14,863 shares of the company’s stock valued at $576,000 after buying an additional 7,853 shares in the last quarter. Scotia Capital Inc. lifted its position in Canada Goose by 16.6% during the second quarter. Scotia Capital Inc. now owns 26,925 shares of the company’s stock valued at $1,039,000 after buying an additional 3,829 shares in the last quarter. Dfpg Investments Inc. acquired a new position in shares of Canada Goose during the second quarter worth $292,000. Carillon Tower Advisers Inc. lifted its position in shares of Canada Goose by 9.5% during the second quarter. Carillon Tower Advisers Inc. now owns 1,726,777 shares of the company’s stock worth $66,877,000 after purchasing an additional 149,586 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Canada Goose during the second quarter worth $52,000. 50.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:GOOS traded up $0.14 during midday trading on Tuesday, reaching $39.29. The company had a trading volume of 43,478 shares, compared to its average volume of 1,272,115. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.38 and a quick ratio of 0.76. The stock’s fifty day moving average price is $40.39 and its 200-day moving average price is $41.96. The stock has a market capitalization of $4.25 billion, a P/E ratio of 38.50, a PEG ratio of 1.05 and a beta of 3.13. Canada Goose Holdings Inc has a one year low of $31.67 and a one year high of $72.27.
A number of research firms have recently commented on GOOS. Credit Suisse Group reduced their target price on shares of Canada Goose from $76.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Zacks Investment Research cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, DA Davidson cut shares of Canada Goose from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $42.00 in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Canada Goose has a consensus rating of “Buy” and an average price target of $63.87.
Canada Goose Company Profile
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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