Canada Goose (NYSE:GOOS) Sees Unusually-High Trading Volume – Here’s What Happened

Canada Goose Holdings Inc. (NYSE:GOOS) saw unusually-strong trading volume on Thursday . Approximately 170,078 shares changed hands during trading, a decline of 66% from the previous session’s volume of 493,558 shares.The stock last traded at $10.07 and had previously closed at $10.12.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Wells Fargo & Company cut Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group decreased their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.60.

Canada Goose Stock Performance

The business has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $10.73. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. The company has a market cap of $997.47 million, a PE ratio of 27.91, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32.

Institutional Trading of Canada Goose

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after purchasing an additional 2,087 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Canada Goose by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock valued at $7,138,000 after acquiring an additional 3,338 shares during the period. Toronto Dominion Bank increased its position in shares of Canada Goose by 28.3% in the 3rd quarter. Toronto Dominion Bank now owns 31,430 shares of the company’s stock valued at $394,000 after acquiring an additional 6,930 shares during the period. DGS Capital Management LLC acquired a new position in shares of Canada Goose in the 3rd quarter valued at $131,000. Finally, American Century Companies Inc. increased its position in shares of Canada Goose by 94.3% in the 2nd quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock valued at $354,000 after acquiring an additional 13,300 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.