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

PDT Partners LLC lessened its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 46.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,669 shares of the company’s stock after selling 86,607 shares during the period. PDT Partners LLC’s holdings in Canada Goose were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after acquiring an additional 2,087 shares during the last quarter. Olympiad Research LP purchased a new stake in Canada Goose in the third quarter valued at approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 purchasing an additional 2,002 shares in the last quarter. GAM Holding AG boosted 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 buying an additional 8,430 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Canada Goose in the second quarter valued at $338,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 note on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $9.00 price objective (down from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. Finally, Wells Fargo & Company cut Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Canada Goose currently has an average rating of “Hold” and an average price target of $11.80.

Canada Goose Price Performance

Shares of NYSE GOOS opened at $9.44 on Monday. The stock’s 50-day simple moving average is $10.49 and its 200-day simple moving average is $11.56. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The firm has a market capitalization of $913.70 million, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.58 and a beta of 1.35. Canada Goose Holdings Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $14.75.

Canada Goose Company 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.