Canada Goose Holdings Inc. (NYSE:GOOS) Sees Large Drop in Short Interest

Canada Goose Holdings Inc. (NYSE:GOOS) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 9,960,000 shares, a decrease of 10.8% from the September 15th total of 11,160,000 shares. Based on an average trading volume of 673,200 shares, the short-interest ratio is currently 14.8 days. Currently, 19.9% of the company’s stock are short sold.

Canada Goose Trading Up 0.2 %

Shares of NYSE GOOS traded up $0.02 during midday trading on Thursday, reaching $11.03. The stock had a trading volume of 685,325 shares, compared to its average volume of 920,566. The company’s 50 day moving average price is $11.18 and its 200 day moving average price is $11.90. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. Canada Goose has a twelve month low of $9.80 and a twelve month high of $14.75. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.02. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. As a group, sell-side analysts expect that Canada Goose will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently made changes to their positions in GOOS. Marshall Wace LLP raised its stake in shares of Canada Goose by 8.1% during the 2nd quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock worth $14,060,000 after purchasing an additional 81,090 shares during the period. Armistice Capital LLC bought a new stake in Canada Goose in the second quarter worth about $4,332,000. Cubist Systematic Strategies LLC purchased a new position in Canada Goose in the second quarter valued at about $338,000. Point72 Asset Management L.P. bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $839,000. Finally, Claro Advisors LLC purchased a new stake in shares of Canada Goose during the 1st quarter worth approximately $210,000. 83.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GOOS shares. UBS Group lowered their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday. Barclays decreased their price objective on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Wedbush started coverage on shares of Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Finally, Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.07.

About Canada Goose

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.