Canada Goose Holdings Inc (NYSE:GOOS) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 18,670,000 shares, a growth of 30.7% from the January 15th total of 14,280,000 shares. Based on an average daily volume of 2,320,000 shares, the days-to-cover ratio is presently 8.0 days. Currently, 32.0% of the shares of the stock are short sold.

A number of large investors have recently bought and sold shares of GOOS. First Trust Advisors LP purchased a new position in Canada Goose during the first quarter valued at approximately $918,000. Amundi Pioneer Asset Management Inc. purchased a new position in Canada Goose during the first quarter valued at approximately $4,707,000. Nuveen Asset Management LLC purchased a new position in Canada Goose during the second quarter valued at approximately $6,386,000. Envestnet Asset Management Inc. increased its holdings in Canada Goose by 43.2% during the third quarter. Envestnet Asset Management Inc. now owns 13,847 shares of the company’s stock valued at $609,000 after buying an additional 4,176 shares during the period. Finally, BB&T Securities LLC increased its holdings in Canada Goose by 20.7% during the third quarter. BB&T Securities LLC now owns 11,807 shares of the company’s stock valued at $514,000 after buying an additional 2,026 shares during the period. Hedge funds and other institutional investors own 56.76% of the company’s stock.

NYSE:GOOS opened at $31.00 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.10 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $33.77 and a two-hundred day moving average price of $38.30. Canada Goose has a twelve month low of $29.53 and a twelve month high of $59.94. The company has a market capitalization of $3.45 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.36 and a beta of 2.98.

Canada Goose (NYSE:GOOS) last posted its earnings results on Wednesday, November 13th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.22. Canada Goose had a net margin of 16.32% and a return on equity of 45.46%. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $267.29 million. During the same period last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities research analysts predict that Canada Goose will post 1.01 earnings per share for the current year.

A number of brokerages have recently issued reports on GOOS. Barclays began coverage on shares of Canada Goose in a report on Monday, November 25th. They issued an “overweight” rating and a $47.00 price target for the company. DA Davidson cut their price target on shares of Canada Goose from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Monday. Bank of America reiterated a “hold” rating and issued a $40.00 price target on shares of Canada Goose in a report on Monday. OTR Global reiterated a “positive” rating on shares of Canada Goose in a report on Friday, January 31st. Finally, Wells Fargo & Co cut their price target on shares of Canada Goose from $50.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Canada Goose has an average rating of “Buy” and a consensus target price of $44.11.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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