Canada Goose (NYSE:GOOS) Sees Large Volume Increase

Canada Goose Holdings Inc. (NYSE:GOOS) saw unusually-strong trading volume on Monday . Approximately 510,433 shares were traded during mid-day trading, a decline of 48% from the previous session’s volume of 978,044 shares.The stock last traded at $10.80 and had previously closed at $10.76.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GOOS shares. The Goldman Sachs Group boosted their price objective on Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, May 17th. UBS Group cut their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Evercore upped their price target on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. Wedbush initiated coverage on Canada Goose in a report on Friday, July 19th. They set an “outperform” rating on the stock. Finally, Barclays lowered their price objective on 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. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Canada Goose currently has an average rating of “Hold” and a consensus price target of $14.07.

Canada Goose Trading Up 5.2 %

The company has a 50 day simple moving average of $12.02 and a 200 day simple moving average of $12.32. The company has a current ratio of 2.39, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $1.15 billion, a PE ratio of 32.12, a P/E/G ratio of 0.66 and a beta of 1.35.

Institutional Trading of Canada Goose

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. River Global Investors LLP raised its stake in shares of Canada Goose by 21.8% during the 4th quarter. River Global Investors LLP now owns 89,409 shares of the company’s stock worth $1,067,000 after buying an additional 16,027 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Canada Goose during the 4th quarter worth approximately $1,187,000. Massachusetts Financial Services Co. MA raised its stake in shares of Canada Goose by 6.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,543,561 shares of the company’s stock worth $41,991,000 after buying an additional 201,325 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of Canada Goose by 103.3% during the 4th quarter. Aigen Investment Management LP now owns 23,033 shares of the company’s stock worth $274,000 after buying an additional 11,703 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new position in shares of Canada Goose during the 4th quarter worth approximately $784,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Canada Goose

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.