SCP Investment LP Has $5.83 Million Position in Canada Goose Holdings Inc. (NYSE:GOOS)

SCP Investment LP lessened its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 28.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 465,000 shares of the company’s stock after selling 185,000 shares during the quarter. Canada Goose makes up about 4.2% of SCP Investment LP’s portfolio, making the stock its 6th biggest position. SCP Investment LP owned approximately 0.48% of Canada Goose worth $5,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOS. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Canada Goose by 17.1% during the second 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 last quarter. Olympiad Research LP acquired a new position in Canada Goose during the 3rd quarter valued at about $175,000. BNP Paribas Financial Markets raised its stake in Canada Goose by 2,048.6% in the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after buying an additional 19,953 shares during the last quarter. GAM Holding AG boosted its holdings in Canada Goose by 50.9% in 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 in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Canada Goose during the second quarter worth about $338,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $9.00 price objective (down from $11.50) on shares of Canada Goose in a research report on Monday, October 21st. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. UBS Group cut their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Finally, Barclays reduced their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.80.

Canada Goose Stock Performance

NYSE GOOS opened at $9.32 on Wednesday. The firm has a market capitalization of $902.08 million, a P/E ratio of 25.19, a PEG ratio of 0.57 and a beta of 1.35. The stock has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $11.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. Canada Goose Holdings Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $14.75.

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.