Canada Goose (GOOS) to Release Quarterly Earnings on Thursday | MarketBeat

2022-05-14 19:29:31 By : Ms. Polly Kuo

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Canada Goose (NYSE:GOOS - Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 19th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Canada Goose (NYSE:GOOS - Get Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. The firm had revenue of $586.10 million for the quarter, compared to analyst estimates of $586.52 million. Canada Goose had a return on equity of 22.73% and a net margin of 9.74%. Canada Goose's revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. On average, analysts expect Canada Goose to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GOOS stock opened at $19.11 on Friday. Canada Goose has a fifty-two week low of $17.91 and a fifty-two week high of $53.64. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2.04 billion, a P/E ratio of 24.50, a PEG ratio of 0.43 and a beta of 1.62. The company has a 50-day simple moving average of $23.70 and a 200 day simple moving average of $32.14.

A number of hedge funds and other institutional investors have recently modified their holdings of GOOS. Invesco Ltd. boosted its holdings in shares of Canada Goose by 3.6% in the 3rd quarter. Invesco Ltd. now owns 5,708 shares of the company's stock worth $204,000 after purchasing an additional 196 shares in the last quarter. LPL Financial LLC bought a new position in Canada Goose in the fourth quarter worth approximately $212,000. Acadian Asset Management LLC purchased a new stake in shares of Canada Goose during the 1st quarter valued at $286,000. BNP Paribas Arbitrage SA grew its position in shares of Canada Goose by 14.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 21,353 shares of the company's stock valued at $762,000 after acquiring an additional 2,752 shares during the period. Finally, Raymond James & Associates purchased a new position in Canada Goose in the 1st quarter valued at about $1,061,000. 42.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Veritas Investment Research upgraded Canada Goose from a "reduce" rating to a "buy" rating in a report on Monday, February 14th. Barclays reduced their target price on Canada Goose from $38.00 to $32.00 in a report on Friday, April 1st. TD Securities boosted their target price on Canada Goose from C$46.00 to C$49.00 in a report on Thursday, April 21st. Wells Fargo & Company lowered their price target on Canada Goose from C$55.00 to C$45.00 in a report on Tuesday, April 5th. Finally, Robert W. Baird cut their price target on Canada Goose to C$50.00 in a report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $43.30.

About Canada Goose (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

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