Point72 Asset Management L.P. Sells 47,639 Shares of Canada Goose Holdings Inc. (NYSE:GOOS)

Point72 Asset Management L.P. trimmed its stake in shares of Canada Goose Holdings Inc. (NYSE:GOOS) by 73.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,256 shares of the company’s stock after selling 47,639 shares during the period. Point72 Asset Management L.P.’s holdings in Canada Goose were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

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

Canada Goose Price Performance

Canada Goose stock opened at $10.01 on Friday. Canada Goose Holdings Inc. has a 12-month low of $9.23 and a 12-month high of $14.75. The firm has a market capitalization of $968.43 million, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. The firm has a 50-day moving average price of $10.14 and a 200-day moving average price of $11.35. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GOOS shares. The Goldman Sachs Group reduced their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a report on Tuesday. UBS Group decreased their price objective 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. Finally, Wells Fargo & Company lowered 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 issued a buy rating to the stock. Based on data from MarketBeat, Canada Goose has an average rating of “Hold” and an average target price of $11.60.

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.