Simcoe Capital LLC Takes Position in Canada Goose Holdings Inc. $GOOS

Simcoe Capital LLC acquired a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 204,544 shares of the company’s stock, valued at approximately $2,649,000. Canada Goose makes up 2.5% of Simcoe Capital LLC’s holdings, making the stock its 25th biggest holding. Simcoe Capital LLC owned 0.21% of Canada Goose as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PenderFund Capital Management Ltd. purchased a new stake in shares of Canada Goose in the third quarter valued at approximately $45,000. US Bancorp DE purchased a new stake in shares of Canada Goose in the third quarter valued at approximately $83,000. Plato Investment Management Ltd acquired a new stake in shares of Canada Goose in the third quarter worth approximately $88,000. Ameriprise Financial Inc. acquired a new stake in shares of Canada Goose in the second quarter worth approximately $139,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Canada Goose in the fourth quarter worth approximately $147,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOS. Zacks Research raised Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Robert W. Baird lowered Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Monday, April 20th. Barclays lowered Canada Goose from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $12.00 to $10.00 in a research note on Friday, February 6th. Finally, Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Stock Performance

NYSE GOOS opened at $10.97 on Wednesday. The stock’s fifty day moving average is $11.24 and its two-hundred day moving average is $12.34. The firm has a market capitalization of $1.07 billion, a P/E ratio of 84.35 and a beta of 1.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12. Canada Goose Holdings Inc. has a fifty-two week low of $8.86 and a fifty-two week high of $15.43.

Canada Goose Company Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.