Verition Fund Management LLC Acquires New Holdings in Canada Goose Holdings Inc. (NYSE:GOOS)

Verition Fund Management LLC acquired a new stake in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,541 shares of the company's stock, valued at approximately $708,000. Verition Fund Management LLC owned approximately 0.06% of Canada Goose as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased its stake in Canada Goose by 14.4% during the 2nd quarter. Raymond James & Associates now owns 214,773 shares of the company's stock worth $2,777,000 after buying an additional 27,029 shares during the period. GAM Holding AG increased its position in shares of Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company's stock worth $323,000 after acquiring an additional 8,430 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company's stock worth $177,000 after acquiring an additional 2,002 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Canada Goose by 15.5% in the second quarter. TD Asset Management Inc now owns 147,452 shares of the company's stock worth $1,906,000 after acquiring an additional 19,761 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company's stock valued at $354,000 after purchasing an additional 13,300 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GOOS. Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th. UBS Group decreased their price objective 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. Finally, The Goldman Sachs Group cut their target price on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $11.60.

Canada Goose Stock Performance

Shares of NYSE:GOOS traded up $0.09 during trading on Tuesday, reaching $10.01. 943,469 shares of the company's stock traded hands, compared to its average volume of 936,883. The stock has a market capitalization of $968.38 million, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. Canada Goose Holdings Inc. has a 12 month low of $9.23 and a 12 month high of $14.75. The company has a 50 day moving average of $10.22 and a 200-day moving average of $11.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71.

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.