Canada Goose Sees Unusually Large Options Volume (NYSE:GOOS)

Canada Goose Holdings Inc. (NYSE:GOOS) was the target of some unusual options trading on Wednesday. Stock investors acquired 3,505 call options on the company. This is an increase of 221% compared to the average volume of 1,093 call options.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. Arrowstreet Capital Limited Partnership acquired a new position in Canada Goose in the fourth quarter valued at about $12,251,000. Penn Capital Management Company LLC bought a new stake in Canada Goose in the fourth quarter valued at approximately $5,702,000. Portolan Capital Management LLC bought a new stake in Canada Goose in the fourth quarter valued at approximately $4,403,000. Raymond James Financial Inc. bought a new stake in Canada Goose in the fourth quarter valued at approximately $3,769,000. Finally, Pier Capital LLC raised its stake in Canada Goose by 118.0% in the fourth quarter. Pier Capital LLC now owns 357,849 shares of the company’s stock valued at $3,589,000 after buying an additional 193,708 shares during the period. Institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $10.68 on Thursday. The business’s 50 day moving average is $8.29 and its 200-day moving average is $9.40. 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 firm has a market capitalization of $1.03 billion, a PE ratio of 20.54, a PEG ratio of 1.00 and a beta of 1.26. Canada Goose has a 1-year low of $6.73 and a 1-year high of $14.75.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.17. The firm had revenue of $266.83 million during the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. Sell-side analysts predict that Canada Goose will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GOOS shares. Evercore ISI cut their price objective on Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company raised Canada Goose from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Barclays reaffirmed an “underweight” rating and issued a $8.00 price target (down from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Canada Goose Company Profile

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.