Canada Goose (NYSE: GOOS – Get a rating) updated its earnings guidance for the first quarter of 2023 on Thursday. The company provided earnings per share guidance of -$0.51 to $0.47 for the period, compared to the consensus earnings estimate. per share of -$0.38. The company released a revenue forecast of $47.35-51.30 million, compared to the consensus revenue estimate of $51.88 million. Canada Goose also updated its guidance for fiscal 2023 to EPS of $1.26-1.50.
A number of research analysts have weighed in on the stock recently. Robert W. Baird raised his price target on Canada Goose shares from $39.00 to $42.00 in a Friday, May 20 research report. Zacks Investment Research upgraded Canada Goose shares from a hold rating to a buy rating and set a $22.00 price target on the stock in a Tuesday, May 24 research report. Barclays cut its price target on Canada Goose shares from $32.00 to $26.00 and set an overweight rating for the stock in a Monday May 23 research report. OTR Global downgraded shares of Canada Goose from a mixed rating to a negative rating in a research report on Friday, April 22. Finally, Veritas Investment Research upgraded Canada Goose shares from a cut to a buy rating in a Monday, Feb. 14 research report. One financial analyst gave the stock a sell rating, three gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock has an average buy rating and an average price target of $36.82.
Shares of NYSE: GOOS opened at $20.08 on Thursday. Canada Goose has a 52 week minimum of $17.91 and a 52 week maximum of $53.64. The stock has a market capitalization of $2.15 billion, a P/E ratio of 29.10, a PEG ratio of 0.51 and a beta of 1.62. The company has a fifty-day simple moving average of $22.46 and a two-hundred-day simple moving average of $29.75. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt ratio of 0.86.
Canada Goose (NYSE: GOOS – Get a rating) last released its quarterly earnings data on Thursday, May 19. The company reported EPS of $0.04 for the quarter, beating analysts’ consensus estimate of $0.02 by $0.02. The company posted revenue of $223.10 million in the quarter, compared to $223.46 million expected by analysts. Canada Goose had a net margin of 8.52% and a return on equity of 25.08%. The company’s revenue increased 6.8% year over year. During the same period last year, the company posted EPS of $0.01. On average, analysts expect Canada Goose to post 1.43 earnings per share for the current year.
Institutional investors have recently increased or reduced their stake in the company. Invesco Ltd. increased its holdings of Canada Goose shares by 3.6% in the third quarter. Invesco Ltd. now owns 5,708 shares of the company worth $204,000 after acquiring 196 additional shares in the last quarter. LPL Financial LLC purchased a new stake in Canada Goose stock in Q4 worth approximately $212,000. Acadian Asset Management LLC bought a new stake in Canada Goose stock in Q1 worth approximately $286,000. BNP Paribas Arbitrage SA increased its holding in Canada Goose shares by 14.8% in the third quarter. BNP Paribas Arbitrage SA now owns 21,353 shares in the company worth $762,000 after acquiring an additional 2,752 shares in the last quarter. Finally, State Street Corp increased its stake in Canada Goose by 8.1% in the first quarter. State Street Corp now owns 34,360 shares of the company valued at $905,000 after purchasing an additional 2,574 shares last quarter. Hedge funds and other institutional investors own 42.99% of the company’s shares.
About the Canada Goose (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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