Wall Street analysts expect Canada Goose Holdings Inc (NYSE:GOOS) to report $201.54 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Canada Goose’s earnings, with the lowest sales estimate coming in at $194.99 million and the highest estimate coming in at $206.95 million. Canada Goose posted sales of $176.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.4%. The business is expected to announce its next earnings report on Wednesday, November 13th.
According to Zacks, analysts expect that Canada Goose will report full year sales of $767.58 million for the current fiscal year. For the next year, analysts anticipate that the firm will report sales of $918.86 million, with estimates ranging from $901.14 million to $949.76 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Canada Goose.
Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.01. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $54.38 million. During the same period last year, the company earned ($0.16) earnings per share. The firm’s revenue was up 59.1% compared to the same quarter last year.
A number of analysts have recently issued reports on GOOS shares. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Friday. Bank of America downgraded shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price objective on the stock. in a report on Thursday, May 30th. Goldman Sachs Group upgraded shares of Canada Goose from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $65.00 to $47.00 in a report on Friday, May 31st. DA Davidson lifted their price objective on shares of Canada Goose from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday. Finally, HSBC started coverage on shares of Canada Goose in a report on Monday, May 20th. They issued a “buy” rating and a $48.32 price objective on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.48.
Large investors have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC bought a new position in Canada Goose during the second quarter worth $29,000. Optimum Investment Advisors bought a new position in Canada Goose during the first quarter worth $33,000. Bremer Bank National Association bought a new position in Canada Goose during the first quarter worth $46,000. Rehmann Capital Advisory Group boosted its position in Canada Goose by 454.5% during the first quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $47,000 after purchasing an additional 800 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in Canada Goose during the second quarter worth $52,000. 52.24% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE GOOS traded up $0.96 during midday trading on Friday, reaching $38.67. The company’s stock had a trading volume of 89,060 shares, compared to its average volume of 1,264,502. The company has a current ratio of 3.38, a quick ratio of 1.07 and a debt-to-equity ratio of 1.47. Canada Goose has a fifty-two week low of $31.67 and a fifty-two week high of $72.27. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 1.05 and a beta of 3.03. The stock has a 50 day simple moving average of $42.77 and a 200-day simple moving average of $46.81.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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