40,000 Shares in Canada Goose Holdings Inc. (NYSE:GOOS) Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. acquired a new stake in Canada Goose Holdings Inc. (NYSE:GOOS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of 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 buying an additional 1,667,750 shares during the period. Armistice Capital LLC purchased a new stake in Canada Goose in the 2nd quarter worth about $4,332,000. Pier Capital LLC bought a new stake in Canada Goose in the 3rd quarter valued at about $2,057,000. Raymond James & Associates lifted its holdings in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after purchasing an additional 118,291 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock worth $14,060,000 after purchasing an additional 81,090 shares during the period. 83.64% of the stock is owned by institutional investors.

Canada Goose Price Performance

GOOS stock opened at $9.51 on Friday. The firm has a 50 day moving average of $10.32 and a 200-day moving average of $11.44. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $920.47 million, a P/E ratio of 25.70, 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.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group lowered their price target 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. The Goldman Sachs Group reissued a “sell” rating and set a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Finally, Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.80.

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.