Stock Traders Buy Large Volume of Call Options on Canada Goose (NYSE:GOOS)

Canada Goose Holdings Inc (NYSE:GOOS) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 6,794 call options on the company. This is an increase of approximately 1,055% compared to the typical volume of 588 call options.

GOOS opened at $43.21 on Wednesday. The company has a market cap of $4.79 billion, a PE ratio of 42.36, a P/E/G ratio of 1.22 and a beta of 3.03. Canada Goose has a 12 month low of $31.67 and a 12 month high of $72.27. The company has a fifty day moving average of $42.66. The company has a quick ratio of 1.07, a current ratio of 3.02 and a debt-to-equity ratio of 0.36.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $156.20 million for the quarter, compared to analysts’ expectations of $158.85 million. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, equities research analysts predict that Canada Goose will post 1.26 EPS for the current fiscal year.

A number of analysts recently weighed in on GOOS shares. Goldman Sachs Group raised shares of Canada Goose from a “neutral” rating to a “buy” rating and lowered their price target for the company from $65.00 to $47.00 in a report on Friday, May 31st. HSBC initiated coverage on shares of Canada Goose in a research note on Monday, May 20th. They issued a “buy” rating and a $48.32 price objective on the stock. Wells Fargo & Co reaffirmed a “hold” rating on shares of Canada Goose in a research note on Thursday, May 30th. Bank of America cut shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price objective on the stock. in a research note on Thursday, May 30th. Finally, Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $69.25.

A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. Kistler Tiffany Companies LLC bought a new stake in Canada Goose in the 2nd quarter valued at $29,000. Optimum Investment Advisors acquired a new stake in Canada Goose in the 1st quarter valued at $33,000. Bremer Bank National Association acquired a new stake in Canada Goose in the 1st quarter valued at $46,000. Rehmann Capital Advisory Group increased its stake in Canada Goose by 454.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after buying an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Canada Goose in the 2nd quarter valued at $52,000. 51.34% of the stock is currently owned by institutional investors and hedge funds.

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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