SCP Investment LP Lowers Stock Holdings in Canada Goose Holdings Inc. (NYSE:GOOS)

SCP Investment LP decreased its position in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after selling 265,000 shares during the quarter. Canada Goose comprises 1.5% of SCP Investment LP's holdings, making the stock its 10th largest holding. SCP Investment LP owned 0.21% of Canada Goose worth $2,006,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOS. BNP Paribas Financial Markets raised its stake in shares of Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock worth $40,000 after purchasing an additional 2,087 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of 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 worth $43,000 after buying an additional 4,213 shares during the last quarter. Virtu Financial LLC purchased a new position in Canada Goose in the fourth quarter valued at approximately $100,000. Aigen Investment Management LP bought a new stake in shares of Canada Goose in the fourth quarter valued at $103,000. Finally, DGS Capital Management LLC purchased a new position in shares of Canada Goose during the 3rd quarter valued at $131,000. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Evercore ISI reduced their target price 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 set a $8.00 price objective (down previously from $10.00) on shares of Canada Goose in a report on Monday. Finally, The Goldman Sachs Group dropped their target price on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Canada Goose currently has an average rating of "Hold" and an average price target of $10.20.

Canada Goose Trading Down 7.4 %

Canada Goose stock traded down $0.60 during mid-day trading on Thursday, reaching $7.56. 954,273 shares of the company traded hands, compared to its average volume of 979,946. The firm's 50 day moving average price is $9.72 and its 200 day moving average price is $10.10. Canada Goose Holdings Inc. has a 52-week low of $7.43 and a 52-week high of $14.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The firm has a market capitalization of $731.85 million, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.00 and a beta of 1.32.

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

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.