Short Interest in Canada Goose Holdings Inc. (NYSE:GOOS) Declines By 10.8%

Canada Goose Holdings Inc. (NYSE:GOOS) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 9,960,000 shares, a decrease of 10.8% from the September 15th total of 11,160,000 shares. Approximately 19.9% of the company’s shares are short sold. Based on an average daily trading volume, of 673,200 shares, the days-to-cover ratio is presently 14.8 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GOOS shares. Barclays decreased their price objective on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. UBS Group decreased their price objective on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday. Wedbush started coverage on shares of Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating for the company. Finally, Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Canada Goose currently has an average rating of “Hold” and an average price target of $14.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GOOS. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after buying an additional 2,002 shares in the last quarter. Claro Advisors LLC purchased a new position in Canada Goose during the first quarter worth about $210,000. BNP Paribas Financial Markets boosted its holdings in Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after purchasing an additional 19,953 shares during the last quarter. GAM Holding AG boosted its holdings in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after purchasing an additional 8,430 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Canada Goose during the second quarter worth about $338,000. 83.64% of the stock is owned by institutional investors.

Canada Goose Stock Down 4.2 %

NYSE:GOOS traded down $0.47 during trading hours on Tuesday, reaching $10.76. The company had a trading volume of 1,150,440 shares, compared to its average volume of 923,009. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 0.64 and a beta of 1.32. The business’s 50-day simple moving average is $11.16 and its two-hundred day simple moving average is $11.90. Canada Goose has a twelve month low of $9.80 and a twelve month high of $14.75.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The business had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $63.47 million. On average, equities analysts expect that Canada Goose will post 0.84 earnings per share for the current year.

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.