Posted by admin on Jun 2nd, 2022
Canada Goose (NYSE:GOOS – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.26-$1.50 for the period, compared to the consensus estimate of $1.20. The company issued revenue guidance of $1.03 billion-$1.10 billion, compared to the consensus revenue estimate of $1.00 billion.Canada Goose also updated its Q1 2023 guidance to -$0.51–$0.47 EPS.
A number of research analysts recently issued reports on the company. Cowen reduced their price objective on Canada Goose from $37.00 to $30.00 and set an outperform rating for the company in a research report on Friday, May 20th. Veritas Investment Research upgraded Canada Goose from a reduce rating to a buy rating in a research report on Monday, February 14th. CIBC cut their target price on Canada Goose from C$67.00 to C$45.00 in a research note on Friday, February 11th. Robert W. Baird lifted their target price on Canada Goose from $39.00 to $42.00 in a research note on Friday, May 20th. Finally, Zacks Investment Research raised Canada Goose from a hold rating to a buy rating and set a $22.00 target price on the stock in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $36.82.
GOOS opened at $20.08 on Thursday. Canada Goose has a one year low of $17.91 and a one year high of $53.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 2.71. The stock’s fifty day moving average is $22.46 and its 200-day moving average is $29.75. The company has a market capitalization of $2.15 billion, a PE ratio of 29.10, a P/E/G ratio of 0.51 and a beta of 1.62.
Canada Goose (NYSE:GOOS – Get Rating) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Canada Goose had a return on equity of 25.08% and a net margin of 8.52%. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $223.46 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Canada Goose will post 1.43 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of GOOS. Invesco Ltd. raised its position in shares of Canada Goose by 3.6% during the third quarter. Invesco Ltd. now owns 5,708 shares of the company’s stock worth $204,000 after purchasing an additional 196 shares during the period. LPL Financial LLC acquired a new stake in shares of Canada Goose during the fourth quarter worth $212,000. Acadian Asset Management LLC acquired a new stake in shares of Canada Goose during the first quarter worth $286,000. BNP Paribas Arbitrage SA raised its position in shares of Canada Goose by 14.8% during the third quarter. BNP Paribas Arbitrage SA now owns 21,353 shares of the company’s stock worth $762,000 after purchasing an additional 2,752 shares during the period. Finally, State Street Corp raised its position in shares of Canada Goose by 8.1% during the first quarter. State Street Corp now owns 34,360 shares of the company’s stock worth $905,000 after purchasing an additional 2,574 shares during the period. 42.99% of the stock is currently owned by institutional investors.
Canada Goose Company Profile (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.
Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.
Financial Analysis: Luxottica Group (OTCMKTS:LUXTY) and RxSight (NASDAQ:RXST)
VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Raises Dividend to $0.11 Per Share