Legato Capital Management LLC Makes New Investment in Canada Goose Holdings Inc. $GOOS

Legato Capital Management LLC acquired a new position in Canada Goose Holdings Inc. (NYSE:GOOS) in the 3rd quarter, HoldingsChannel reports. The firm acquired 57,505 shares of the company’s stock, valued at approximately $793,000.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE bought a new stake in Canada Goose during the third quarter worth $83,000. Plato Investment Management Ltd purchased a new position in Canada Goose during the 3rd quarter worth $88,000. Ameriprise Financial Inc. bought a new stake in shares of Canada Goose in the 2nd quarter worth $139,000. Lazard Asset Management LLC bought a new stake in shares of Canada Goose in the 2nd quarter worth $158,000. Finally, Invesco Ltd. raised its holdings in shares of Canada Goose by 7.2% in the second quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after purchasing an additional 1,012 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GOOS shares. UBS Group boosted their price target on shares of Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Barclays cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $12.00 to $10.00 in a research report on Friday, February 6th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Wall Street Zen downgraded Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird cut Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Canada Goose presently has a consensus rating of “Reduce” and a consensus price target of $15.17.

Canada Goose Trading Down 1.9%

Shares of GOOS stock opened at $11.73 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.14 billion, a P/E ratio of 90.23 and a beta of 1.72. The company has a 50 day moving average of $12.61 and a 200-day moving average of $13.06. Canada Goose Holdings Inc. has a 12-month low of $6.73 and a 12-month high of $15.43.

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.