Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) Expected to Post Quarterly Sales of $60.70 Million

Equities research analysts predict that Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) will post sales of $60.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Canada Goose Holdings Inc. Subordinate Voting Shares’ earnings. The lowest sales estimate is $52.10 million and the highest is $69.29 million. Canada Goose Holdings Inc. Subordinate Voting Shares posted sales of $38.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 57.3%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Canada Goose Holdings Inc. Subordinate Voting Shares will report full year sales of $60.70 million for the current fiscal year, with estimates ranging from $421.96 million to $440.31 million. For the next year, analysts forecast that the business will report sales of $540.25 million per share, with estimates ranging from $515.09 million to $565.41 million. Zacks’ sales averages are an average based on a survey of analysts that follow Canada Goose Holdings Inc. Subordinate Voting Shares.

Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The firm had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $240.68 million. Canada Goose Holdings Inc. Subordinate Voting Shares had a net margin of 12.91% and a return on equity of 41.96%. The company’s revenue for the quarter was up 27.1% on a year-over-year basis.

GOOS has been the topic of several research reports. Barclays raised their price objective on shares of Canada Goose Holdings Inc. Subordinate Voting Shares from $28.00 to $39.00 and gave the company an “average” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. Bank of America raised shares of Canada Goose Holdings Inc. Subordinate Voting Shares to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, November 27th. BidaskClub raised shares of Canada Goose Holdings Inc. Subordinate Voting Shares from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Canada Goose Holdings Inc. Subordinate Voting Shares from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Monday, November 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Canada Goose Holdings Inc. Subordinate Voting Shares in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Canada Goose Holdings Inc. Subordinate Voting Shares has a consensus rating of “Buy” and an average price target of $30.77.

Shares of Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE GOOS) opened at $33.54 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 1.24 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1,260.00 and a price-to-earnings ratio of 86.00. Canada Goose Holdings Inc. Subordinate Voting Shares has a 52-week low of $15.20 and a 52-week high of $38.25.

Several hedge funds have recently added to or reduced their stakes in the stock. First Bank & Trust grew its holdings in Canada Goose Holdings Inc. Subordinate Voting Shares by 696.2% in the 3rd quarter. First Bank & Trust now owns 5,072 shares of the company’s stock worth $104,000 after acquiring an additional 4,435 shares during the last quarter. Sei Investments Co. bought a new stake in Canada Goose Holdings Inc. Subordinate Voting Shares in the 3rd quarter worth $107,000. Cubist Systematic Strategies LLC bought a new stake in Canada Goose Holdings Inc. Subordinate Voting Shares in the 2nd quarter worth $127,000. Invictus RG bought a new stake in Canada Goose Holdings Inc. Subordinate Voting Shares in the 3rd quarter worth $163,000. Finally, Nationwide Fund Advisors grew its holdings in Canada Goose Holdings Inc. Subordinate Voting Shares by 2.7% in the 2nd quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after acquiring an additional 210 shares during the last quarter. 26.82% of the stock is currently owned by institutional investors.

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About Canada Goose Holdings Inc. Subordinate Voting Shares

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. 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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