Equities analysts forecast that Canada Goose Holdings Inc (NYSE:GOOS) will announce $118.39 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Canada Goose’s earnings. The highest sales estimate is $128.08 million and the lowest is $113.49 million. Canada Goose posted sales of $98.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.9%. The business is scheduled to announce its next quarterly earnings report on Friday, June 21st.
According to Zacks, analysts expect that Canada Goose will report full-year sales of $626.41 million for the current fiscal year, with estimates ranging from $619.96 million to $636.39 million. For the next financial year, analysts anticipate that the company will post sales of $792.32 million, with estimates ranging from $741.60 million to $846.49 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Canada Goose.
GOOS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, February 15th. HSBC initiated coverage on shares of Canada Goose in a research note on Monday. They issued a “buy” rating and a $48.32 target price for the company. Finally, Wells Fargo & Co lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating and set a $48.00 target price for the company. in a research note on Thursday, January 24th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.48.
Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in Canada Goose by 43.8% in the 4th quarter. IFP Advisors Inc now owns 719 shares of the company’s stock valued at $30,000 after purchasing an additional 219 shares during the last quarter. Sigma Planning Corp lifted its stake in Canada Goose by 8.1% in the 1st quarter. Sigma Planning Corp now owns 5,072 shares of the company’s stock valued at $244,000 after purchasing an additional 382 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Canada Goose by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,570 shares of the company’s stock valued at $604,000 after purchasing an additional 464 shares during the last quarter. US Bancorp DE lifted its stake in Canada Goose by 65.1% in the 1st quarter. US Bancorp DE now owns 1,205 shares of the company’s stock valued at $58,000 after purchasing an additional 475 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in Canada Goose in the 4th quarter valued at about $29,000. Institutional investors own 51.01% of the company’s stock.
NYSE GOOS traded up $1.04 on Thursday, reaching $49.57. The company had a trading volume of 802,451 shares, compared to its average volume of 2,045,079. The firm has a market cap of $5.33 billion, a PE ratio of 76.26, a PEG ratio of 1.22 and a beta of 2.69. The company has a current ratio of 2.58, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Canada Goose has a 1-year low of $39.15 and a 1-year high of $72.27.
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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