Canada Goose Holdings Inc. (NYSE:GOOS) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,386,423 shares, a growth of 58.4% from the August 31st total of 2,138,021 shares. Currently, 9.5% of the company’s shares are sold short. Based on an average daily trading volume, of 937,764 shares, the days-to-cover ratio is currently 3.6 days.

Shares of Canada Goose Holdings (NYSE:GOOS) opened at 20.98 on Tuesday. The stock’s 50 day moving average price is $18.90 and its 200-day moving average price is $18.45. Canada Goose Holdings has a one year low of $15.20 and a one year high of $24.32. The stock has a market cap of $2.24 billion and a PE ratio of 111.60.

Canada Goose Holdings (NYSE:GOOS) last posted its quarterly earnings results on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, beating the consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to analysts’ expectations of C$16.50 million. The business’s quarterly revenue was up 79.6% on a year-over-year basis. On average, equities analysts predict that Canada Goose Holdings will post $0.44 earnings per share for the current fiscal year.

A number of research analysts have recently commented on GOOS shares. Barclays PLC reaffirmed an “overweight” rating and set a $22.00 price objective (up previously from $19.00) on shares of Canada Goose Holdings in a research note on Monday, June 5th. Zacks Investment Research raised shares of Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, September 26th. Bank of America Corporation raised shares of Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, June 28th. Wells Fargo & Company restated an “outperform” rating and issued a $32.00 target price on shares of Canada Goose Holdings in a report on Monday, June 5th. Finally, Robert W. Baird restated a “neutral” rating on shares of Canada Goose Holdings in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$26.82.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Canada Goose Holdings by 71.4% during the second quarter. FMR LLC now owns 4,904,394 shares of the company’s stock valued at $96,887,000 after purchasing an additional 2,043,794 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Canada Goose Holdings by 58.2% in the second quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock valued at $43,614,000 after purchasing an additional 812,532 shares in the last quarter. Fred Alger Management Inc. grew its stake in Canada Goose Holdings by 56.3% in the second quarter. Fred Alger Management Inc. now owns 813,020 shares of the company’s stock valued at $16,057,000 after purchasing an additional 292,805 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Canada Goose Holdings by 165.0% in the second quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock valued at $14,246,000 after purchasing an additional 449,182 shares in the last quarter. Finally, Laurion Capital Management LP increased its position in Canada Goose Holdings by 509.7% in the 2nd quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock worth $12,042,000 after purchasing an additional 509,700 shares during the last quarter. 26.23% of the stock is owned by hedge funds and other institutional investors.

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Canada Goose Holdings Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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