Canada Goose Holdings Inc (NYSE:GOOS) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 9,630,000 shares, a decrease of 6.0% from the April 30th total of 10,250,000 shares. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is presently 3.8 days. Approximately 16.9% of the shares of the stock are sold short.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Advisor Group Inc. lifted its stake in Canada Goose by 6.9% in the fourth quarter. Advisor Group Inc. now owns 5,207 shares of the company’s stock valued at $188,000 after buying an additional 336 shares during the period. Edge Wealth Management LLC acquired a new position in shares of Canada Goose during the 4th quarter valued at $30,000. Legal & General Group Plc boosted its stake in Canada Goose by 3.5% during the first quarter. Legal & General Group Plc now owns 24,705 shares of the company’s stock worth $489,000 after acquiring an additional 840 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canada Goose by 22.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,668 shares of the company’s stock worth $92,000 after purchasing an additional 852 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Canada Goose by 3.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 30,975 shares of the company’s stock valued at $1,123,000 after purchasing an additional 950 shares in the last quarter. 55.89% of the stock is owned by institutional investors and hedge funds.

Shares of GOOS stock traded down $0.42 during mid-day trading on Friday, hitting $20.60. The company’s stock had a trading volume of 808,559 shares, compared to its average volume of 1,300,680. The company has a market cap of $2.31 billion, a PE ratio of 18.28, a P/E/G ratio of 2.70 and a beta of 2.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.90 and a current ratio of 2.29. The company’s fifty day simple moving average is $21.46 and its 200-day simple moving average is $29.52. Canada Goose has a 52 week low of $12.94 and a 52 week high of $51.71.

Several research firms recently weighed in on GOOS. Zacks Investment Research raised Canada Goose from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Royal Bank of Canada reduced their price target on Canada Goose from $50.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. DA Davidson raised Canada Goose from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, April 15th. CIBC reiterated a “buy” rating and set a $35.00 target price (down from $57.00) on shares of Canada Goose in a research report on Monday, April 13th. Finally, OTR Global restated a “positive” rating on shares of Canada Goose in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.54.

Canada Goose Company Profile

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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