Stock analysts predict that Canada Goose Holdings Inc. (NYSE: GOOS – Get a rating) will report earnings per share of $0.02 for the current fiscal quarter, Zacks Investment Research 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 reported earnings of $0.01 per share in the same quarter last year, suggesting a positive 100% year-over-year growth rate. The company is expected to release its next quarterly 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 the next fiscal year, analysts expect the company to post earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.37. Zacks EPS averages are an average average based on a survey of sell-side analysts who cover Canada Goose.
Canada Goose (NYSE: GOOS – Get a rating) last released its quarterly results on Thursday, February 10. The company reported earnings per share (EPS) of $1.13 for the quarter, beating Thomson Reuters consensus estimate of $1.01 by $0.12. The company posted revenue of $586.10 million for the quarter, versus analyst estimates of $586.52 million. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. The company’s quarterly revenue increased by 23.6% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings of $0.78 per share.
Several research analysts have published reports on the stock. CIBC lowered its price target on Canada Goose shares from C$67.00 to C$45.00 in a Friday, February 11 research report. Robert W. Baird cut his price target on Canada Goose shares to C$50.00 in a Friday, February 11 research report. Zacks Investment Research downgraded Canada Goose shares from a “buy” rating to a “sell” rating in a research report on Tuesday, February 15. Veritas Investment Research upgraded Canada Goose shares from a “reduce” to a “buy” rating in a research report on Monday, February 14. Finally, Wells Fargo & Company lowered its price target on Canada Goose shares from C$55.00 to C$45.00 in a Tuesday, April 5 research report. One financial analyst has assigned the stock a sell rating, three have issued a hold rating and eight have assigned the company’s stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $43.00.
Institutional investors have recently been buying and selling shares of the company. Marshall Wace LLP increased its stake in Canada Goose shares by 19,764.4% in the 4th quarter. Marshall Wace LLP now owns 1,211,731 shares of the company valued at $44,910,000 after purchasing an additional 1,205,631 shares in the last quarter. Caisse DE Dépôt ET Placement DU Québec increased its stake in Canada Goose shares by 871.7% in the 3rd quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 1,204,884 shares of the company valued at $43,018,000 after purchasing an additional 1,080,884 shares in the last quarter. Barclays PLC increased its stake in Canada Goose shares by 129.8% in Q3. Barclays PLC now owns 1,569,741 shares in the company valued at $55,993,000 after buying a further 886,795 shares in the last quarter. Norges Bank acquired a new stake in shares of Canada Goose in Q4 worth $17,653,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Canada Goose shares by 462.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 560,632 shares of the company valued at $20,793,000 after buying an additional 460,868 shares in the last quarter. Institutional investors and hedge funds own 43.23% of the company’s shares.
Canada Goose stock rose $0.17 during midday trading on Tuesday, hitting $24.41. The company’s shares had a trading volume of 46,052 shares, compared to an average volume of 865,218. The company has a quick ratio of 1.42, a current ratio of 2.36 and a leverage ratio of 0, 71. The stock has a market capitalization of $2.61 billion, a P/E ratio of 31.46, a P/E/G ratio of 0.56 and a beta of 1.59. Canada Goose has a 12-month low of $21.20 and a 12-month high of $53.64. The stock’s fifty-day moving average price is $26.59 and its two-hundred-day moving average price is $34.50.
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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