Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 11,070,000 shares, a decline of 8.2% from the February 29th total of 12,060,000 shares. Approximately 22.1% of the company's shares are short sold. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 8.3 days.
Canada Goose Stock Down 5.8 %
Shares of GOOS stock traded down $0.72 during trading on Tuesday, reaching $11.60. The company's stock had a trading volume of 1,115,816 shares, compared to its average volume of 1,358,673. Canada Goose has a one year low of $9.80 and a one year high of $22.65. The business has a fifty day moving average price of $12.65 and a 200-day moving average price of $12.33. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.48. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.95.
Canada Goose (NYSE:GOOS - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.06). The business had revenue of $448.03 million for the quarter, compared to analyst estimates of $455.25 million. Canada Goose had a return on equity of 23.30% and a net margin of 3.86%. Analysts anticipate that Canada Goose will post 0.66 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on GOOS. Evercore raised their price objective on Canada Goose from $11.00 to $12.00 and gave the stock an "in-line" rating in a research note on Friday, February 2nd. Barclays lifted their price objective on Canada Goose from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.83.
Read Our Latest Stock Report on GOOS
Institutional Investors Weigh In On Canada Goose
Large investors have recently bought and sold shares of the company. Clear Street Markets LLC acquired a new position in Canada Goose during the fourth quarter worth about $31,000. Gyon Technologies Capital Management LP bought a new stake in Canada Goose during the 4th quarter worth approximately $38,000. Deutsche Bank AG acquired a new position in Canada Goose in the 4th quarter valued at approximately $49,000. Great West Life Assurance Co. Can raised its stake in shares of Canada Goose by 44.3% during the second quarter. Great West Life Assurance Co. Can now owns 3,732 shares of the company's stock valued at $66,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Canada Goose by 438.3% during the third quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the company's stock worth $118,000 after purchasing an additional 6,575 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.
About Canada Goose
(
Get Free Report)
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.
Further Reading
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