Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating) was the recipient of unusually large options trading on Monday. Stock traders purchased 11,933 put options on the stock. This represents an increase of approximately 336% compared to the typical volume of 2,740 put options.
Canada Goose Stock Performance
Shares of GOOS opened at $17.64 on Tuesday. The stock has a market cap of $1.86 billion, a P/E ratio of 27.14, a P/E/G ratio of 0.41 and a beta of 1.58. The stock has a 50-day moving average of $19.16 and a two-hundred day moving average of $20.79. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.66 and a current ratio of 2.42. Canada Goose has a one year low of $16.65 and a one year high of $53.64.
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Canada Goose (NYSE:GOOS – Get Rating) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.44) earnings per share for the quarter, topping analysts' consensus estimates of ($0.49) by $0.05. The company had revenue of $54.77 million during the quarter. Canada Goose had a return on equity of 26.71% and a net margin of 8.13%. As a group, research analysts predict that Canada Goose will post 1.41 EPS for the current year.
Wall Street Analysts Forecast Growth
GOOS has been the subject of several research analyst reports. UBS Group cut their price target on Canada Goose from $24.00 to $20.00 in a report on Friday, July 15th. The Goldman Sachs Group lowered their price objective on Canada Goose from $26.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, July 21st. Barclays raised their price objective on Canada Goose to $28.00 in a research note on Monday, August 15th. Finally, Williams Trading raised Canada Goose from a "sell" rating to a "hold" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Canada Goose has an average rating of "Hold" and an average target price of $34.40.
Hedge Funds Weigh In On Canada Goose
A number of large investors have recently bought and sold shares of GOOS. Liberty One Investment Management LLC grew its position in shares of Canada Goose by 1.9% in the first quarter. Liberty One Investment Management LLC now owns 27,920 shares of the company's stock valued at $735,000 after purchasing an additional 519 shares in the last quarter. National Bank of Canada FI grew its position in Canada Goose by 3.2% in the first quarter. National Bank of Canada FI now owns 26,753 shares of the company's stock worth $703,000 after acquiring an additional 821 shares during the period. Silvercrest Asset Management Group LLC grew its position in Canada Goose by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 246,145 shares of the company's stock worth $9,122,000 after acquiring an additional 1,068 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Canada Goose by 77.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,792 shares of the company's stock worth $50,000 after acquiring an additional 1,217 shares during the period. Finally, ARK Investment Management LLC grew its position in Canada Goose by 28.5% in the first quarter. ARK Investment Management LLC now owns 6,765 shares of the company's stock worth $178,000 after acquiring an additional 1,502 shares during the period. Institutional investors and hedge funds own 44.18% of the company's stock.
Canada Goose Company Profile
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Canada Goose Holdings Inc 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, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.
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