Canada Goose Holdings Inc. (NYSE:GOOS) Short Interest Update

Canada Goose Holdings Inc. (NYSE:GOOSGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 7,650,000 shares, an increase of 21.6% from the April 15th total of 6,290,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is currently 5.8 days. Approximately 13.8% of the company’s shares are sold short.

A number of large investors have recently made changes to their positions in GOOS. Marshall Wace LLP boosted its stake in Canada Goose by 19,764.4% during the 4th quarter. Marshall Wace LLP now owns 1,211,731 shares of the company’s stock valued at $44,910,000 after purchasing an additional 1,205,631 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Canada Goose by 871.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,204,884 shares of the company’s stock valued at $43,018,000 after buying an additional 1,080,884 shares during the period. Wasatch Advisors Inc. bought a new stake in Canada Goose in the 1st quarter valued at $25,797,000. Goldman Sachs Group Inc. grew its holdings in shares of Canada Goose by 794.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 819,179 shares of the company’s stock worth $21,569,000 after purchasing an additional 727,566 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Canada Goose in the 4th quarter worth about $17,653,000. Hedge funds and other institutional investors own 42.99% of the company’s stock.

Shares of GOOS traded down $0.99 during trading hours on Wednesday, hitting $19.82. 75,779 shares of the company were exchanged, compared to its average volume of 1,306,879. The company has a market cap of $2.12 billion, a PE ratio of 26.68, a PEG ratio of 0.48 and a beta of 1.62. The firm’s 50 day moving average is $23.48 and its 200-day moving average is $31.60. Canada Goose has a 52 week low of $17.91 and a 52 week high of $53.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.42 and a current ratio of 2.36.

A number of equities analysts have weighed in on GOOS shares. Wells Fargo & Company decreased their price objective on shares of Canada Goose from C$55.00 to C$45.00 in a research report on Tuesday, April 5th. Zacks Investment Research upgraded shares of Canada Goose from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Barclays dropped their price objective on shares of Canada Goose from $38.00 to $32.00 in a research note on Friday, April 1st. CIBC dropped their price target on shares of Canada Goose from C$67.00 to C$45.00 in a research note on Friday, February 11th. Finally, TD Securities boosted their target price on Canada Goose from C$46.00 to C$49.00 in a research report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.22.

About Canada Goose (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

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