DRW Securities LLC Acquires New Position in Canada Goose Holdings Inc. (NYSE:GOOS)

DRW Securities LLC acquired a new stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,300 shares of the company's stock, valued at approximately $730,000. DRW Securities LLC owned approximately 0.06% of Canada Goose at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Olympiad Research LP acquired a new position in shares of Canada Goose during the 3rd quarter valued at $175,000. Pinnacle Associates Ltd. lifted its stake in shares of Canada Goose by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company's stock worth $7,138,000 after purchasing an additional 3,338 shares in the last quarter. GAM Holding AG boosted its position in shares of Canada Goose by 60.0% in the third quarter. GAM Holding AG now owns 40,000 shares of the company's stock worth $501,000 after buying an additional 15,000 shares during the period. Raymond James & Associates grew its stake in shares of Canada Goose by 55.1% in the third quarter. Raymond James & Associates now owns 333,064 shares of the company's stock valued at $4,173,000 after buying an additional 118,291 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Canada Goose during the 2nd quarter valued at about $338,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Canada Goose Stock Up 0.9 %

Shares of GOOS stock traded up $0.08 during trading hours on Wednesday, hitting $9.47. 540,757 shares of the company were exchanged, compared to its average volume of 926,417. The stock has a market capitalization of $916.60 million, a price-to-earnings ratio of 25.62, a P/E/G ratio of 0.59 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. The business's 50-day simple moving average is $10.56 and its two-hundred day simple moving average is $11.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85.

Wall Street Analysts Forecast Growth

GOOS has been the subject of a number of analyst reports. Barclays decreased their price target 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 shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a "sell" rating and issued a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Finally, Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.80.

Canada Goose Company 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.