-$0.08 EPS Expected for Canada Goose Holdings (GOOS) This Quarter

Equities analysts forecast that Canada Goose Holdings (NYSE:GOOS) will announce earnings per share of ($0.08) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Canada Goose’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.11). Canada Goose posted earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Canada Goose will report full year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.58. For the next fiscal year, analysts forecast that the firm will post earnings of $0.68 per share, with EPS estimates ranging from $0.63 to $0.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Canada Goose.

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Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $265.80 million for the quarter, compared to the consensus estimate of $240.68 million. Canada Goose had a return on equity of 41.96% and a net margin of 12.91%. Canada Goose’s quarterly revenue was up 27.1% compared to the same quarter last year.

A number of equities research analysts have recently commented on GOOS shares. Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Barclays raised their target price on Canada Goose 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. Canaccord Genuity restated a “buy” rating and set a $50.00 target price (up from $36.00) on shares of Canada Goose in a research report on Tuesday, February 6th. Robert W. Baird upgraded Canada Goose from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Thursday, February 8th. Finally, Credit Suisse Group started coverage on Canada Goose in a research report on Monday, March 12th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $34.00.

Hedge funds have recently bought and sold shares of the stock. Sei Investments Co. acquired a new stake in Canada Goose in the 3rd quarter worth about $107,000. Cubist Systematic Strategies LLC boosted its holdings in Canada Goose by 76.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 11,312 shares of the company’s stock worth $232,000 after buying an additional 4,894 shares during the last quarter. Northeast Investment Management acquired a new stake in Canada Goose in the 4th quarter worth about $295,000. HL Financial Services LLC acquired a new stake in Canada Goose in the 4th quarter worth about $302,000. Finally, Jane Street Group LLC boosted its holdings in Canada Goose by 261.4% in the 3rd quarter. Jane Street Group LLC now owns 16,942 shares of the company’s stock worth $348,000 after buying an additional 27,442 shares during the last quarter. Institutional investors own 28.01% of the company’s stock.

Shares of NYSE:GOOS traded up $0.07 during trading on Wednesday, reaching $34.09. 27,532 shares of the company’s stock traded hands, compared to its average volume of 1,022,354. Canada Goose has a fifty-two week low of $15.81 and a fifty-two week high of $38.25. The company has a quick ratio of 1.24, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3,671.71 and a PE ratio of 72.38.

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About Canada Goose

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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