Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 9,960,000 shares, a decline of 10.8% from the September 15th total of 11,160,000 shares. Based on an average daily volume of 673,200 shares, the short-interest ratio is presently 14.8 days. Currently, 19.9% of the shares of the company are sold short.
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Armistice Capital LLC bought a new position in Canada Goose in the 2nd quarter valued at approximately $4,332,000. Marshall Wace LLP raised its stake in shares of Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company's stock valued at $14,060,000 after acquiring an additional 81,090 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Canada Goose during the second quarter valued at $839,000. Raymond James & Associates raised its stake in shares of Canada Goose by 14.4% during the second quarter. Raymond James & Associates now owns 214,773 shares of the company's stock valued at $2,777,000 after acquiring an additional 27,029 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Canada Goose by 253.4% during the first quarter. SG Americas Securities LLC now owns 36,927 shares of the company's stock valued at $445,000 after acquiring an additional 26,477 shares during the last quarter. Institutional investors own 83.64% of the company's stock.
Several research firms have recently weighed in on GOOS. Wedbush initiated coverage on shares of Canada Goose in a research note on Friday, July 19th. They set an "outperform" rating on the stock. Wells Fargo & Company lowered shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a research note on Monday. Raymond James lowered shares of Canada Goose from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 23rd. UBS Group decreased their price target on shares of Canada Goose from $14.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, Barclays decreased their target price on shares of Canada Goose from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Canada Goose presently has an average rating of "Hold" and an average price target of $14.07.
Get Our Latest Report on GOOS
Shares of NYSE:GOOS traded down $0.47 on Tuesday, reaching $10.76. 1,150,440 shares of the company's stock were exchanged, compared to its average volume of 923,009. The company has a fifty day moving average of $11.16 and a 200-day moving average of $11.90. Canada Goose has a twelve month low of $9.80 and a twelve month high of $14.75. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 0.64 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25.
Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. On average, research analysts predict that Canada Goose will post 0.84 EPS for the current fiscal year.
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.
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