Portolan Capital Management LLC Has $29.98 Million Position in Canada Goose Holdings Inc. $GOOS

Portolan Capital Management LLC raised its position in Canada Goose Holdings Inc. (NYSE:GOOS) by 46.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,174,001 shares of the company’s stock after purchasing an additional 686,504 shares during the quarter. Canada Goose accounts for about 1.6% of Portolan Capital Management LLC’s holdings, making the stock its 16th biggest holding. Portolan Capital Management LLC owned about 2.24% of Canada Goose worth $29,979,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Canada Goose by 1,557.5% during the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares during the last quarter. Headwater Capital Co Ltd bought a new position in Canada Goose in the 2nd quarter valued at approximately $7,385,000. Marshall Wace LLP boosted its position in Canada Goose by 115.3% during the 2nd quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock worth $12,543,000 after buying an additional 600,242 shares during the period. Kessler Investment Group LLC acquired a new stake in Canada Goose during the 3rd quarter worth approximately $4,128,000. Finally, Jump Financial LLC grew its holdings in Canada Goose by 1,064.7% during the 2nd quarter. Jump Financial LLC now owns 323,054 shares of the company’s stock worth $3,615,000 after acquiring an additional 295,318 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Stock Down 0.4%

Canada Goose stock opened at $10.76 on Friday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 82.78 and a beta of 1.72. Canada Goose Holdings Inc. has a 52-week low of $6.73 and a 52-week high of $15.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12. The firm has a 50 day moving average price of $12.32 and a two-hundred day moving average price of $13.03.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GOOS shares. Robert W. Baird cut shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, January 21st. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Barclays downgraded Canada Goose from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $12.00 to $10.00 in a report on Friday, February 6th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Canada Goose has an average rating of “Reduce” and an average price target of $15.17.

Canada Goose 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.