Massachusetts Financial Services Co. MA Cuts Stake in Canada Goose Holdings Inc. (NYSE:GOOS)

Massachusetts Financial Services Co. MA lessened its holdings in Canada Goose Holdings Inc. (NYSE:GOOS) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,820,722 shares of the company’s stock after selling 67,254 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.92% of Canada Goose worth $35,344,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Olympiad Research LP acquired a new position in Canada Goose during the 3rd quarter worth $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 buying an additional 2,002 shares in the last quarter. GAM Holding AG increased its stake 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. Cubist Systematic Strategies LLC acquired a new stake in Canada Goose in the second quarter valued at approximately $338,000. Finally, American Century Companies Inc. raised its holdings in Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock valued at $354,000 after acquiring an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GOOS. The Goldman Sachs Group reissued a “sell” rating and issued a $9.00 price objective (down from $11.50) on shares of Canada Goose in a research report on Monday, October 21st. UBS Group dropped their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Finally, Barclays dropped their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.80.

Canada Goose Stock Performance

NYSE GOOS opened at $9.36 on Monday. The company has a fifty day moving average of $10.60 and a two-hundred day moving average of $11.63. The company has a market capitalization of $905.95 million, a PE ratio of 25.30, a P/E/G ratio of 0.58 and a beta of 1.35. Canada Goose Holdings Inc. has a 1 year low of $9.23 and a 1 year high of $14.75. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71.

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.