Canada Goose (NYSE:GOOS) Sees Large Volume Increase - Should You Buy?

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) saw unusually-high trading volume on Monday . Approximately 832,850 shares traded hands during mid-day 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 Analyst Weigh In

GOOS has been the subject of several research reports. Wells Fargo & Company cut shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a research report on Monday, October 14th. The Goldman Sachs Group lowered their price target on Canada Goose from $9.00 to $8.00 and set a "sell" rating for the company in a report on Tuesday, December 10th. Finally, UBS Group reduced their price objective on Canada Goose from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.60.

Canada Goose Trading Down 8.1 %

The company has a market capitalization of $946.85 million, a PE ratio of 26.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. The company's fifty day moving average is $10.18 and its 200-day moving average is $10.54.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.10. Canada Goose had a return on equity of 22.60% and a net margin of 4.83%. On average, analysts anticipate that Canada Goose Holdings Inc. will post 0.75 EPS for the current fiscal year.

Institutional Trading of Canada Goose

A number of institutional investors have recently modified their holdings of GOOS. Raymond James & Associates lifted its position in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company's stock valued at $4,173,000 after acquiring an additional 118,291 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Canada Goose during the 3rd quarter valued at $730,000. Verition Fund Management LLC acquired a new stake in shares of Canada Goose in the 3rd quarter worth $708,000. Pier Capital LLC purchased a new position in Canada Goose during the 3rd quarter worth $2,057,000. Finally, BNP Paribas Financial Markets increased its position in Canada Goose by 193.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock valued at $40,000 after buying an additional 2,087 shares in the last quarter. 83.64% of the stock is currently owned by 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.