Tower Research Capital LLC TRC Cuts Stock Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Tower Research Capital LLC TRC reduced its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 43.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,546 shares of the company’s stock after selling 3,529 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Canada Goose were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOS. SG Americas Securities LLC purchased a new position in shares of Canada Goose in the 4th quarter worth about $124,000. Silverleafe Capital Partners LLC purchased a new position in shares of Canada Goose in the 3rd quarter worth about $147,000. Commonwealth Equity Services LLC purchased a new stake in Canada Goose during the 3rd quarter valued at about $160,000. Total Clarity Wealth Management Inc. purchased a new stake in Canada Goose during the 4th quarter valued at about $198,000. Finally, GAM Holding AG purchased a new stake in Canada Goose during the 4th quarter valued at about $213,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays increased their target price on Canada Goose from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Evercore increased their target price on Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.83.

Canada Goose Trading Up 2.4 %

GOOS traded up $0.27 during midday trading on Monday, reaching $11.54. 391,693 shares of the company’s stock traded hands, compared to its average volume of 1,166,511. The firm has a fifty day moving average of $12.19 and a two-hundred day moving average of $11.88. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 1.16 and a beta of 1.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.87 and a quick ratio of 0.81. Canada Goose Holdings Inc. has a 52 week low of $9.80 and a 52 week high of $22.65.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The business had revenue of $448.03 million for the quarter, compared to the consensus estimate of $455.25 million. Canada Goose had a net margin of 3.86% and a return on equity of 23.30%. On average, equities analysts anticipate that Canada Goose Holdings Inc. will post 0.66 earnings per share for the current fiscal 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.