Equities analysts expect that Canada Goose Holdings Inc (NYSE:GOOS) will announce sales of $260.65 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Canada Goose’s earnings. The lowest sales estimate is $251.71 million and the highest is $275.59 million. Canada Goose posted sales of $209.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.5%. The firm is expected to issue its next quarterly earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Canada Goose will report full year sales of $602.75 million for the current fiscal year, with estimates ranging from $591.48 million to $622.03 million. For the next fiscal year, analysts anticipate that the company will report sales of $757.29 million, with estimates ranging from $705.54 million to $826.18 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Canada Goose.
Canada Goose (NYSE:GOOS) last released its earnings results on Wednesday, November 14th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.16. The business had revenue of $230.30 million for the quarter, compared to analysts’ expectations of $197.99 million. Canada Goose had a return on equity of 44.05% and a net margin of 15.35%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share.
A number of research firms recently commented on GOOS. DA Davidson began coverage on Canada Goose in a research note on Tuesday, September 25th. They issued a “buy” rating and a $68.00 target price on the stock. Royal Bank of Canada raised their price objective on Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 14th. Canaccord Genuity set a $102.00 price objective on Canada Goose and gave the company a “buy” rating in a research note on Thursday, November 15th. Zacks Investment Research raised Canada Goose from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective on the stock in a research note on Friday, November 16th. Finally, Credit Suisse Group raised their price objective on Canada Goose from $88.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, November 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $78.67.
GOOS opened at $68.38 on Thursday. The firm has a market capitalization of $7.39 billion, a P/E ratio of 105.20, a PEG ratio of 2.21 and a beta of 2.31. The company has a current ratio of 3.91, a quick ratio of 1.73 and a debt-to-equity ratio of 0.94. Canada Goose has a 52 week low of $26.28 and a 52 week high of $72.27.
Several large investors have recently made changes to their positions in GOOS. First Manhattan Co. bought a new position in shares of Canada Goose during the second quarter valued at about $117,000. Adviser Investments LLC purchased a new stake in shares of Canada Goose during the second quarter worth about $168,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Canada Goose during the second quarter worth about $208,000. Raymond James & Associates purchased a new stake in shares of Canada Goose during the second quarter worth about $215,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Canada Goose during the second quarter worth about $215,000. 38.32% of the stock is currently owned by hedge funds and other institutional investors.
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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