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Analysts expect that Canada Goose Holdings Inc. (NYSE:GOOS) will report earnings of $0.89 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Canada Goose’s earnings. The lowest EPS estimate is $0.77 and the highest is $1.01. Canada Goose reported earnings of $0.78 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The firm is scheduled to announce its next earnings results on Thursday, February 3rd.
On average, analysts expect that Canada Goose will report full-year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.08. For the next fiscal year, analysts forecast that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.45 to $1.46. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Canada Goose.
Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Friday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. The business had revenue of $232.90 million for the quarter, compared to analysts’ expectations of $205.95 million. Canada Goose had a return on equity of 13.63% and a net margin of 5.98%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS.
A number of brokerages have recently commented on GOOS. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a research report on Wednesday, January 12th. Barclays raised Canada Goose from an “equal weight” rating to an “overweight” rating and set a $56.00 price target on the stock in a research report on Thursday, January 6th. TD Securities raised Canada Goose from a “hold” rating to a “buy” rating and dropped their price target for the stock from $60.00 to $59.00 in a research report on Wednesday, January 5th. UBS Group cut Canada Goose from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $59.00 to $35.00 in a research report on Friday, January 7th. Finally, Robert W. Baird boosted their price target on Canada Goose from C$65.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $57.70.
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Shares of GOOS opened at $30.60 on Friday. The company has a quick ratio of 0.86, a current ratio of 2.19 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $39.61 and its 200-day moving average price is $39.78. Canada Goose has a 52 week low of $30.59 and a 52 week high of $53.64. The stock has a market cap of $3.27 billion, a P/E ratio of 76.50, a P/E/G ratio of 0.97 and a beta of 1.51.
A number of institutional investors and hedge funds have recently made changes to their positions in GOOS. Advisor Group Holdings Inc. raised its stake in Canada Goose by 26.9% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,634 shares of the company’s stock valued at $115,000 after buying an additional 559 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Canada Goose by 38.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,639 shares of the company’s stock worth $159,000 after purchasing an additional 1,005 shares in the last quarter. Invesco Ltd. increased its stake in shares of Canada Goose by 3.6% in the 3rd quarter. Invesco Ltd. now owns 5,708 shares of the company’s stock worth $204,000 after purchasing an additional 196 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Canada Goose by 12.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,746 shares of the company’s stock worth $206,000 after purchasing an additional 620 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Canada Goose in the 2nd quarter worth $216,000. Institutional investors and hedge funds own 44.97% of the company’s stock.
Canada Goose Company Profile
Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.
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