PDT Partners LLC Cuts Holdings in Canada Goose Holdings Inc. (NYSE:GOOS)

PDT Partners LLC decreased its holdings in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 46.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,669 shares of the company's stock after selling 86,607 shares during the period. PDT Partners LLC owned about 0.11% of Canada Goose worth $1,274,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Canada Goose by 42.9% during the third quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company's stock valued at $69,595,000 after purchasing an additional 1,667,750 shares during the period. Marshall Wace LLP lifted its holdings in shares of Canada Goose by 8.1% during the 2nd quarter. Marshall Wace LLP now owns 1,087,414 shares of the company's stock valued at $14,060,000 after buying an additional 81,090 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Canada Goose by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company's stock worth $7,138,000 after buying an additional 3,338 shares during the last quarter. Armistice Capital LLC bought a new stake in shares of Canada Goose in the second quarter worth $4,332,000. Finally, Raymond James & Associates increased its position in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company's stock valued at $4,173,000 after acquiring an additional 118,291 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Canada Goose Price Performance

Shares of NYSE GOOS traded up $0.20 during mid-day trading on Monday, reaching $9.64. The company's stock had a trading volume of 816,573 shares, compared to its average volume of 926,408. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. Canada Goose Holdings Inc. has a 52 week low of $9.23 and a 52 week high of $14.75. The stock has a fifty day moving average of $10.49 and a two-hundred day moving average of $11.56. The firm has a market capitalization of $932.57 million, a PE ratio of 26.00, a P/E/G ratio of 0.58 and a beta of 1.35.

Wall Street Analysts Forecast Growth

GOOS has been the topic of several research reports. UBS Group dropped 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. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a research note 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 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. Based on data from MarketBeat.com, Canada Goose presently has a consensus rating of "Hold" and a consensus target price of $11.80.

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.