Canada Goose (NYSE:GOOS) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

NYSE GOOS traded down $1.83 during trading hours on Thursday, reaching $38.14. The company’s stock had a trading volume of 113,572 shares, compared to its average volume of 900,885. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 1.18 and a beta of 3.03. Canada Goose has a 1-year low of $31.67 and a 1-year 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 firm has a 50-day moving average price of $42.72.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Advisor Group Inc. raised its stake in shares of Canada Goose by 10.2% in the second quarter. Advisor Group Inc. now owns 3,759 shares of the company’s stock valued at $146,000 after acquiring an additional 347 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Canada Goose by 8.1% in the first quarter. Sigma Planning Corp now owns 5,072 shares of the company’s stock valued at $244,000 after acquiring an additional 382 shares in the last quarter. Optimum Investment Advisors acquired a new stake in shares of Canada Goose in the first quarter valued at $33,000. Kistler Tiffany Companies LLC acquired a new stake in shares of Canada Goose in the second quarter valued at $29,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Canada Goose by 454.5% in the first quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after acquiring an additional 800 shares in the last quarter. 51.34% of the stock is owned by institutional investors.



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