Canada Goose (NYSE:GOOS) Sees Unusually-High Trading Volume – Time to Buy?

Canada Goose Holdings Inc. (NYSE:GOOS) saw unusually-strong trading volume on Monday . Approximately 832,850 shares traded hands during trading, an increase of 12% from the previous session’s volume of 745,463 shares.The stock last traded at $10.82 and had previously closed at $10.95.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOS. UBS Group lowered their price objective on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. The Goldman Sachs Group dropped their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canada Goose currently has an average rating of “Hold” and an average price target of $11.60.

Canada Goose Trading Down 3.2 %

The firm has a market capitalization of $1.03 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. The stock’s 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $10.56. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Canada Goose had a return on equity of 22.60% and a net margin of 4.83%. The business had revenue of $196.32 million during the quarter, compared to analyst estimates of $183.60 million. During the same quarter in the prior year, the business posted $0.12 EPS. Equities research analysts expect that Canada Goose Holdings Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Alberta Investment Management Corp bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $748,000. DGS Capital Management LLC increased its holdings in Canada Goose by 75.0% in the 4th quarter. DGS Capital Management LLC now owns 18,348 shares of the company’s stock valued at $184,000 after acquiring an additional 7,863 shares during the last quarter. Toronto Dominion Bank lifted its stake in Canada Goose by 28.3% in the 3rd quarter. Toronto Dominion Bank now owns 31,430 shares of the company’s stock worth $394,000 after purchasing an additional 6,930 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Canada Goose in the 3rd quarter worth $189,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Canada Goose during the 3rd quarter valued at about $390,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

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.