Canada Goose Holdings Inc. (NYSE:GOOS) Short Interest Down 8.2% in March

Canada Goose Holdings Inc. (NYSE:GOOSGet Free Report) saw a large decline in short interest in 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 stock are sold short. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is presently 8.3 days.

Institutional Investors Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently made changes to their positions in GOOS. Raymond James & Associates purchased a new stake in shares of Canada Goose during the 1st quarter valued at about $1,061,000. Acadian Asset Management LLC purchased a new stake in Canada Goose in the 1st quarter worth approximately $286,000. BlackRock Inc. increased its holdings in Canada Goose by 0.5% in the 1st quarter. BlackRock Inc. now owns 465,058 shares of the company’s stock worth $12,244,000 after acquiring an additional 2,086 shares in the last quarter. Vanguard Group Inc. increased its holdings in Canada Goose by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 1,626,615 shares of the company’s stock worth $42,828,000 after acquiring an additional 20,326 shares in the last quarter. Finally, USS Investment Management Ltd purchased a new stake in Canada Goose in the 1st quarter worth approximately $949,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

GOOS has been the topic of a number of analyst reports. Evercore upped their price target on shares of 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 upped their price target on shares of Canada Goose from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.83.

Check Out Our Latest Research Report on Canada Goose

Canada Goose Stock Performance

GOOS traded down $0.72 during midday trading on Tuesday, hitting $11.60. 1,115,816 shares of the company traded hands, compared to its average volume of 1,358,673. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $1.12 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 1.48 and a beta of 1.48. The company’s 50-day moving average is $12.64 and its 200 day moving average is $12.30. Canada Goose has a 52 week low of $9.80 and a 52 week high of $22.65.

Canada Goose (NYSE:GOOSGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06). Canada Goose had a net margin of 3.86% and a return on equity of 23.30%. The company had revenue of $448.03 million for the quarter, compared to the consensus estimate of $455.25 million. On average, research analysts expect that Canada Goose will post 0.66 EPS for the current year.

Canada Goose Company Profile

(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.

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