Investors Purchase Large Volume of Call Options on Canada Goose (NYSE:GOOS)

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors bought 3,505 call options on the stock. This is an increase of approximately 221% compared to the typical volume of 1,093 call options.

Canada Goose Trading Up 3.4%

NYSE GOOS traded up $0.39 on Monday, hitting $11.80. The company's stock had a trading volume of 2,788,390 shares, compared to its average volume of 891,183. The firm has a market cap of $1.14 billion, a P/E ratio of 22.69, a PEG ratio of 1.00 and a beta of 1.26. Canada Goose has a 52-week low of $6.73 and a 52-week high of $14.75. The company's 50-day simple moving average is $8.42 and its 200 day simple moving average is $9.42. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group reaffirmed a "neutral" rating and issued a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a report on Thursday. Wells Fargo & Company raised shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Canada Goose from a "hold" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group raised their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research report on Thursday. Finally, Cowen reiterated a "hold" rating on shares of Canada Goose in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.50.

Hedge Funds Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised 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 worth $167,000 after buying an additional 1,578 shares during the last quarter. TD Asset Management Inc increased its position in shares of Canada Goose by 3.3% during the first quarter. TD Asset Management Inc now owns 51,512 shares of the company's stock valued at $408,000 after acquiring an additional 1,656 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Canada Goose by 8.7% during the first quarter. Mackenzie Financial Corp now owns 23,223 shares of the company's stock valued at $184,000 after acquiring an additional 1,864 shares in the last quarter. Olympiad Research LP raised its holdings in Canada Goose by 18.2% in the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company's stock worth $166,000 after acquiring an additional 2,549 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Canada Goose by 16.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock valued at $242,000 after acquiring an additional 3,410 shares in the last quarter. 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.