Canada Goose (NYSE:GOOS) released its quarterly earnings results on Wednesday. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.01, Morningstar.com reports. The firm had revenue of $71.10 million during the quarter, compared to analyst estimates of $54.38 million. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. The business’s revenue for the quarter was up 59.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.16) EPS. Canada Goose updated its FY20 guidance to +25% to $1.70 EPS and its FY 2020 guidance to $1.30 EPS.

GOOS stock traded down $1.76 during midday trading on Thursday, hitting $38.21. The company’s stock had a trading volume of 1,919,721 shares, compared to its average volume of 900,885. Canada Goose has a 12 month low of $31.67 and a 12 month high of $72.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.02 and a quick ratio of 1.07. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 1.18 and a beta of 3.03. The business has a 50 day moving average price of $42.72.

A number of hedge funds have recently bought and sold shares of GOOS. Optimum Investment Advisors bought a new position in shares of Canada Goose during the 1st quarter valued at approximately $33,000. Kistler Tiffany Companies LLC bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $29,000. Bremer Bank National Association bought a new position in shares of Canada Goose during the 1st quarter valued at approximately $46,000. Rehmann Capital Advisory Group boosted its position in shares of Canada Goose by 454.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after acquiring an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 51.34% of the company’s stock.

Several research firms recently issued reports on GOOS. DA Davidson increased their target price on shares of Canada Goose from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday. Goldman Sachs Group raised shares of Canada Goose from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $65.00 to $47.00 in a report on Friday, May 31st. Wells Fargo & Co reissued a “hold” rating on shares of Canada Goose in a report on Thursday, May 30th. HSBC began coverage on shares of Canada Goose in a report on Monday, May 20th. They issued a “buy” rating and a $48.32 target price for the company. Finally, Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.25.

About Canada Goose

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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Earnings History for Canada Goose (NYSE:GOOS)

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