Canada Goose Holdings Inc. (NYSE:GOOS) is SCP Investment LP’s 6th Largest Position

SCP Investment LP cut its holdings in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 28.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 465,000 shares of the company’s stock after selling 185,000 shares during the period. Canada Goose makes up about 4.2% of SCP Investment LP’s portfolio, making the stock its 6th largest holding. SCP Investment LP’s holdings in Canada Goose were worth $5,826,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Olympiad Research LP purchased a new position in Canada Goose during the third quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after acquiring an additional 2,002 shares during the period. BNP Paribas Financial Markets increased its holdings in Canada Goose by 2,048.6% in the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after acquiring an additional 19,953 shares in the last quarter. GAM Holding AG raised its position in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after acquiring an additional 8,430 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Canada Goose during the second quarter valued at $338,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $9.32 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The business’s 50 day moving average price is $10.66 and its 200 day moving average price is $11.67. The company has a market cap of $902.08 million, a price-to-earnings ratio of 25.19, a PEG ratio of 0.57 and a beta of 1.35. Canada Goose Holdings Inc. has a one year low of $9.23 and a one year high of $14.75.

Analysts Set New Price Targets

Several research analysts recently weighed in on GOOS shares. Raymond James downgraded shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Barclays reduced their target price on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. UBS Group lowered their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. 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 has an average rating of “Hold” and a consensus target price of $11.80.

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.