Stock analysts expect Canada Goose Holdings Inc. (NYSE: GOOS – Get a rating) will report earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made earnings estimates for Canada Goose, with the lowest EPS estimate being $0.00 and the highest estimate being $0.03. Canada Goose reported earnings per share of $0.01 in the same quarter last year, which would indicate a positive 100% year-over-year growth rate. The company is expected to announce its next earnings report on Monday, January 1.
On average, analysts expect Canada Goose to report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.87. For the next fiscal year, analysts expect the company to report earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts who cover Canada Goose.
Canada Goose (NYSE: GOOS – Get a rating) last reported results on Thursday, February 10. The company reported earnings per share of $1.13 for the quarter, beating Thomson Reuters consensus estimate of $1.01 by $0.12. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. The company posted revenue of $586.10 million in the quarter, versus a consensus estimate of $586.52 million. In the same quarter last year, the company achieved EPS of $0.78. The company’s revenue for the quarter increased 23.6% year over year.
A number of equity research analysts have weighed in on the stock recently. Credit Suisse Group cut its price target on Canada Goose shares from C$60.00 to C$48.00 in a Friday, February 11 report. TD Securities raised its price target on Canada Goose shares from C$46.00 to C$49.00 in a Thursday, April 21 research report. Robert W. Baird lowered his price target on Canada Goose to C$50.00 in a Friday, February 11 report. CIBC lowered its price target on Canada Goose from CA$67.00 to CA$45.00 in a Friday, February 11 research report. To finish, Zacks Investment Research upgraded Canada Goose from a “sell” rating to a “hold” rating in a Tuesday, April 19 research note. One financial analyst gave the stock a sell rating, four gave the company a hold rating and seven gave the company a buy rating. According to MarketBeat, Canada Goose currently has an average rating of “Buy” and an average price target of $43.30.
Shares of GOOS NYSE traded at $0.13 during midday trading on Tuesday, reaching $22.63. The company had a trading volume of 56,485 shares, compared to its average volume of 1,042,910. The company has a market capitalization of $2.42 billion, a PE ratio of 29.01, a price/ growth earnings of 0.51 and a beta of 1.62. The company’s 50-day simple moving average is $24.49 and its 200-day simple moving average is $32.99. Canada Goose has a 1-year minimum of $20.74 and a 1-year maximum of $53.64. The company has a debt ratio of 0.71, a current ratio of 2.36 and a quick ratio of 1.42.
Major investors have recently changed their positions in the company. Russell Investments Group Ltd. increased its holdings of Canada Goose shares by 95.5% during the 4th quarter. Russell Investments Group Ltd. now owns 27,177 shares of the company worth $1,007,000 after acquiring an additional 13,275 shares during the period. Marshall Wace LLP bought a new position in Canada Goose stock in Q3 worth $218,000. Columbia Asset Management increased its holdings in Canada Goose by 25.4% in the third quarter. Columbia Asset Management now owns 7,400 shares of the company valued at $264,000 after acquiring an additional 1,500 shares in the last quarter. National Bank of Canada FI bought a new position in Canada Goose stock in Q4 worth approximately $961,000. Finally, SG Americas Securities LLC acquired a new position in Canada Goose shares in Q3 valued at approximately $312,000. 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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