Brokerages forecast that Canada Goose Holdings Inc (NYSE:GOOS) will post sales of $149.51 million for the current quarter, Zacks reports. Two analysts have provided estimates for Canada Goose’s earnings. The highest sales estimate is $149.53 million and the lowest is $149.49 million. Canada Goose posted sales of $137.49 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The firm is scheduled to issue its next earnings report on Thursday, November 8th.
On average, analysts expect that Canada Goose will report full-year sales of $558.34 million for the current financial year, with estimates ranging from $556.42 million to $560.25 million. For the next fiscal year, analysts anticipate that the company will post sales of $679.61 million per share, with estimates ranging from $678.52 million to $680.69 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Canada Goose.
Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.02. The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $35.72 million. Canada Goose had a net margin of 14.80% and a return on equity of 41.49%. The firm’s revenue was up 58.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) earnings per share.
Several analysts have commented on GOOS shares. Zacks Investment Research downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Barclays reissued a “buy” rating and issued a $72.00 target price on shares of Canada Goose in a research report on Wednesday, August 8th. Canaccord Genuity boosted their target price on shares of Canada Goose from $58.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, June 18th. Wells Fargo & Co reissued an “outperform” rating on shares of Canada Goose in a research report on Friday, June 15th. Finally, Robert W. Baird downgraded shares of Canada Goose from an “outperform” rating to a “neutral” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.00.
Several hedge funds have recently made changes to their positions in the company. Bank of Nova Scotia raised its stake in shares of Canada Goose by 63.6% in the 2nd quarter. Bank of Nova Scotia now owns 82,977 shares of the company’s stock valued at $4,849,000 after buying an additional 32,264 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Canada Goose in the 2nd quarter valued at $282,000. Family Management Corp acquired a new position in shares of Canada Goose in the 2nd quarter valued at $512,000. Millennium Management LLC raised its stake in shares of Canada Goose by 1,319.2% in the 2nd quarter. Millennium Management LLC now owns 301,860 shares of the company’s stock valued at $17,764,000 after buying an additional 280,591 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of Canada Goose in the 2nd quarter valued at $11,593,000. Institutional investors own 38.59% of the company’s stock.
GOOS stock traded down $0.87 during trading hours on Friday, hitting $58.14. The company’s stock had a trading volume of 529,910 shares, compared to its average volume of 701,419. The company has a quick ratio of 0.71, a current ratio of 3.24 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 89.45, a P/E/G ratio of 2.63 and a beta of 1.59. Canada Goose has a 12 month low of $19.05 and a 12 month high of $68.75.
Canada Goose Company Profile
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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