Canada Goose (NYSE:GOOS) Sees Unusually-High Trading Volume

Shares of Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating) saw an uptick in trading volume on Thursday . 101,941 shares changed hands during trading, a decline of 87% from the previous session’s volume of 808,160 shares.The stock last traded at $20.42 and had previously closed at $20.08.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOOS. Robert W. Baird raised their price objective on shares of Canada Goose from $39.00 to $42.00 in a report on Friday, May 20th. Cowen dropped their price objective on shares of Canada Goose from $37.00 to $30.00 in a report on Friday, May 20th. Cowen lowered their price target on shares of Canada Goose from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. OTR Global lowered shares of Canada Goose from a “mixed” rating to a “negative” rating in a research note on Friday, April 22nd. Finally, UBS Group lowered their price target on shares of Canada Goose from $24.00 to $20.00 in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Canada Goose presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Canada Goose Trading Down 0.3 %

The business’s 50-day moving average price is $19.06 and its 200 day moving average price is $22.98. The company has a market cap of $2.11 billion, a P/E ratio of 29.06, a P/E/G ratio of 0.51 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 2.71.

Canada Goose (NYSE:GOOS – Get Rating) last announced its earnings results on Thursday, May 19th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $223.10 million during the quarter, compared to the consensus estimate of $223.46 million. Canada Goose had a net margin of 8.52% and a return on equity of 25.08%. Canada Goose’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, analysts expect that Canada Goose Holdings Inc. will post 1.43 earnings per share for the current year.

Institutional Trading of Canada Goose

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Canada Goose by 77.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,792 shares of the company’s stock worth $50,000 after buying an additional 1,217 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Canada Goose by 15.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the company’s stock valued at $89,000 after purchasing an additional 329 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Canada Goose in the 4th quarter valued at about $95,000. HM Payson & Co. boosted its holdings in Canada Goose by 105.3% in the 1st quarter. HM Payson & Co. now owns 3,900 shares of the company’s stock valued at $103,000 after purchasing an additional 2,000 shares during the period. Finally, Kistler Tiffany Companies LLC boosted its holdings in Canada Goose by 86.6% in the 1st quarter. Kistler Tiffany Companies LLC now owns 5,162 shares of the company’s stock valued at $136,000 after purchasing an additional 2,395 shares during the period. Institutional investors own 42.99% of the company’s stock.

Canada Goose Company Profile

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Canada Goose Holdings Inc 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, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.