Analysts expect Canada Goose Holdings Inc. (NYSE:GOOS – Get a rating) to show earnings of $0.02 per share for the current quarter, Zacks reports. Zero analysts released earnings estimates for Canada Goose, with the highest EPS estimate at $0.03 and the lowest estimate at $0.00. Canada Goose posted earnings of $0.01 per share in the same quarter last year, which would indicate a positive growth rate of 100% year over year. The company is expected to announce its next earnings report on Monday, January 1.
On average, analysts expect Canada Goose to report annual earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.87. For next year, analysts expect the company to post earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.37. Zacks Investment Research’s EPS averages are an average average based on a survey of analysts who provide coverage for Canada Goose.
Canada Goose (NYSE: GOOS – Get a rating) last reported quarterly earnings data on Thursday, February 10. The company reported earnings per share of $1.13 for the quarter, beating the consensus estimate of $1.01 by $0.12. The company posted revenue of $586.10 million in the quarter, versus a consensus estimate of $586.52 million. Canada Goose had a return on equity of 22.73% and a net margin of 9.74%. Canada Goose’s revenue for the quarter increased 23.6% year over year. During the same period of the previous year, the company achieved EPS of $0.78.
GOOS has been the subject of a number of recent research reports. Robert W. Baird lowered his target price on Canada Goose to C$50.00 in a Friday, February 11 report. Credit Suisse Group lowered its target price on Canada Goose from CA$60.00 to CA$48.00 in a Friday, February 11 research report. TD Securities cut its price target on Canada Goose from C$59.00 to C$46.00 and set a “buy” rating for the company in a Friday, Feb. 11 research report. Barclays reduced its price target on Canada Goose from $56.00 to $38.00 in a Friday, February 11 research report. Finally, Veritas Investment Research upgraded Canada Goose from a “reduce” rating to a “buy” rating in a Monday, Feb. 14 research note. One equity research analyst has assigned the stock a sell rating, three have assigned a hold rating and eight have assigned the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $45.10.
NYSE GOOS traded $1.06 during trading hours Tuesday, hitting $27.10. 919,578 shares of the company were traded, against an average volume of 1,515,867. The stock has a 50-day simple moving average of $28.05 and a 200-day simple moving average of $35.78. Canada Goose has a 1-year minimum of $21.20 and a 1-year maximum of $53.64. The company has a market capitalization of $2.90 billion, a price-earnings ratio of 34.74, a PEG ratio of 0.96 and a beta of 1.60. The company has a current ratio of 2.36, a quick ratio of 1.42 and a debt ratio of 0.71.
Hedge funds have recently changed their stock holdings. First Trust Advisors LP bought a new position in Canada Goose in the first quarter worth $918,000. Amundi Pioneer Asset Management Inc. acquired a new position in Canada Goose during the first quarter worth $4,707,000. Geode Capital Management LLC increased its position in Canada Goose by 24.6% during the second quarter. Geode Capital Management LLC now owns 16,384 shares of the company valued at $716,000 after purchasing an additional 3,232 shares during the period. State Street Corp increased its position in Canada Goose by 2.8% during the second quarter. State Street Corp now owns 29,488 shares of the company valued at $1,290,000 after purchasing an additional 810 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Canada Goose stock in the second quarter worth approximately $216,000. 43.23% of the shares are currently held by institutional investors.
Canada Goose Company Profile (Get a rating)
Canada Goose Holdings Inc designs, manufactures and sells luxury performance apparel for men, women, youth, children and babies in Canada, the United States, Asia, Europe and internationally. It operates through three segments: Direct-to-Consumer, Wholesale and Other. The company offers parkas, lightweight down jackets, rainwear, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.
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