Massachusetts Financial Services Co. MA Sells 67,254 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Massachusetts Financial Services Co. MA trimmed its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,820,722 shares of the company's stock after selling 67,254 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.92% of Canada Goose worth $35,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Raymond James & Associates increased its holdings in shares of Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company's stock worth $4,173,000 after buying an additional 118,291 shares in the last quarter. Marshall Wace LLP increased its holdings in 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 purchasing an additional 81,090 shares in the last quarter. Armistice Capital LLC acquired a new position in Canada Goose in the second quarter worth $4,332,000. Cubist Systematic Strategies LLC bought a new stake in shares of Canada Goose during the second quarter worth $338,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Canada Goose in the second quarter valued at $839,000. 83.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group reissued a "sell" rating and set a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Barclays decreased their price objective on Canada Goose from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a research report on Monday, October 14th. Finally, UBS Group cut their target price on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Canada Goose has an average rating of "Hold" and an average target price of $11.80.

Canada Goose Trading Up 3.6 %

Shares of NYSE:GOOS traded up $0.34 during mid-day trading on Monday, reaching $9.70. The stock had a trading volume of 1,490,307 shares, compared to its average volume of 926,809. The firm has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $11.63. Canada Goose Holdings Inc. has a twelve month low of $9.23 and a twelve month high of $14.75. The firm has a market cap of $938.86 million, a PE ratio of 25.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.35. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21.

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.