Arrowstreet Capital Limited Partnership Invests $12.25 Million in Canada Goose Holdings Inc. (NYSE:GOOS)

Arrowstreet Capital Limited Partnership bought a new position in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,221,173 shares of the company's stock, valued at approximately $12,251,000. Arrowstreet Capital Limited Partnership owned 1.26% of Canada Goose as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Canada Goose by 193.8% in the 3rd 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 last quarter. Steward Partners Investment Advisory LLC raised its position in 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 buying an additional 4,213 shares during the last quarter. Virtu Financial LLC purchased a new stake in Canada Goose in the 4th quarter valued at $100,000. Aigen Investment Management LP purchased a new stake in Canada Goose in the 4th quarter valued at $103,000. Finally, DGS Capital Management LLC purchased a new stake in Canada Goose in the 3rd quarter valued at $131,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Stock Performance

Shares of Canada Goose stock traded down $0.24 during trading hours on Thursday, hitting $7.54. 177,677 shares of the company's stock traded hands, compared to its average volume of 840,703. Canada Goose Holdings Inc. has a 12-month low of $6.73 and a 12-month high of $14.75. The stock has a market capitalization of $729.92 million, a price-to-earnings ratio of 14.50, a PEG ratio of 1.00 and a beta of 1.32. The company has a fifty day simple moving average of $9.20 and a 200-day simple moving average of $9.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOS. Evercore ISI lowered their price target on Canada Goose from $13.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Barclays reissued an "underweight" rating and issued a $8.00 price target (down from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Canada Goose has a consensus rating of "Hold" and a consensus price target of $10.20.

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.