Pier Capital LLC Has $3.59 Million Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Pier Capital LLC grew its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 118.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 357,849 shares of the company’s stock after acquiring an additional 193,708 shares during the quarter. Pier Capital LLC’s holdings in Canada Goose were worth $3,589,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOOS. The Manufacturers Life Insurance Company grew its position in Canada Goose by 42.9% in 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 in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of Canada Goose by 1.2% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company’s stock worth $12,223,000 after buying an additional 14,341 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Canada Goose in the 4th quarter valued at about $3,769,000. Tenzing Global Management LLC raised its holdings in Canada Goose by 20.0% during the third quarter. Tenzing Global Management LLC now owns 150,000 shares of the company’s stock worth $1,880,000 after acquiring an additional 25,000 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Canada Goose by 21.2% during the fourth quarter. LPL Financial LLC now owns 97,174 shares of the company’s stock valued at $975,000 after purchasing an additional 16,983 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

GOOS has been the topic of several recent analyst reports. Barclays lowered their price target on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Evercore ISI lowered their target price on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.60.

Canada Goose Stock Up 3.9 %

GOOS opened at $8.61 on Tuesday. The stock’s fifty day simple moving average is $10.00 and its 200 day simple moving average is $10.20. Canada Goose Holdings Inc. has a 1-year low of $8.25 and a 1-year high of $14.75. The stock has a market cap of $833.21 million, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81.

Canada Goose (NYSE:GOOS) last issued 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 net margin of 5.47% and a return on equity of 22.49%. As a group, research analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current 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.