Canada Goose Sees Unusually Large Options Volume (NYSE:GOOS)

Canada Goose Holdings Inc. (NYSE:GOOS) was the recipient of some unusual options trading activity on Tuesday. Investors bought 2,918 call options on the company. Thisrepresentsanincreaseofapproximately68% compared to the average volume of 1,739 call options.

Canada Goose Stock Performance

Canada Goose stock traded up $0.8760 during midday trading on Tuesday, hitting $12.6660. The stock had a trading volume of 574,816 shares, compared to its average volume of 1,148,081. The firm’s fifty day moving average is $12.24 and its two-hundred day moving average is $10.39. The company has a market capitalization of $1.23 billion, a PE ratio of 37.51, a P/E/G ratio of 0.87 and a beta of 1.45. Canada Goose has a 52-week low of $6.73 and a 52-week high of $15.43. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.04). The firm had revenue of $77.91 million during the quarter, compared to analysts’ expectations of $68.33 million. Canada Goose had a return on equity of 19.85% and a net margin of 3.48%.During the same period in the prior year, the company posted $0.78 earnings per share. On average, research analysts forecast that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Deutsche Bank AG boosted its position in shares of Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after acquiring an additional 5,259 shares during the last quarter. MQS Management LLC bought a new position in shares of Canada Goose during the 1st quarter valued at approximately $86,000. Ameriprise Financial Inc. bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $139,000. Occudo Quantitative Strategies LP bought a new position in shares of Canada Goose during the 4th quarter valued at approximately $145,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $151,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GOOS. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Cowen reiterated a “hold” rating on shares of Canada Goose in a research note on Thursday, May 22nd. UBS Group reiterated a “neutral” rating and issued a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Barclays dropped their price target on shares of Canada Goose from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Finally, Wells Fargo & Company upgraded shares of Canada Goose from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Canada Goose currently has a consensus rating of “Hold” and a consensus price target of $11.00.

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.