Traders Buy Large Volume of Call Options on Canada Goose (NYSE:GOOS)

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) saw unusually large options trading on Wednesday. Stock investors acquired 3,505 call options on the stock. This represents an increase of 221% compared to the average daily volume of 1,093 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GOOS shares. Cowen reiterated a "hold" rating on shares of Canada Goose in a report on Thursday. UBS Group reaffirmed a "neutral" rating and issued a $11.00 target price (up previously from $8.00) on shares of Canada Goose in a research report on Thursday. Wall Street Zen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays boosted their price target on shares of Canada Goose from $8.00 to $11.00 and gave the company an "underweight" rating in a research note on Friday. Finally, The Goldman Sachs Group increased their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Canada Goose presently has an average rating of "Hold" and a consensus price target of $10.50.

Institutional Trading of Canada Goose

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Public Employees Retirement System of Ohio grew its holdings in Canada Goose by 10.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock valued at $167,000 after purchasing an additional 1,578 shares during the period. TD Asset Management Inc boosted its holdings in shares of Canada Goose by 3.3% in the 1st quarter. TD Asset Management Inc now owns 51,512 shares of the company's stock valued at $408,000 after purchasing an additional 1,656 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Canada Goose by 8.7% during the 1st quarter. Mackenzie Financial Corp now owns 23,223 shares of the company's stock valued at $184,000 after buying an additional 1,864 shares during the period. Olympiad Research LP increased its holdings in shares of Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company's stock worth $166,000 after buying an additional 2,549 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Canada Goose by 16.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock worth $242,000 after buying an additional 3,410 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Canada Goose Price Performance

Shares of NYSE GOOS traded up $0.39 during trading on Friday, reaching $11.80. The company had a trading volume of 2,788,390 shares, compared to its average volume of 891,777. The stock has a market capitalization of $1.14 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $9.43. Canada Goose has a twelve month low of $6.73 and a twelve month high of $14.75.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.17. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The business had revenue of $266.83 million for the quarter, compared to analysts' expectations of $355.76 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Canada Goose will post 0.7 earnings per share for the current year.

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.