Canada Goose Holdings Inc (NYSE:GOOS) – Stock analysts at DA Davidson dropped their FY2020 earnings estimates for shares of Canada Goose in a research note issued on Friday, August 16th. DA Davidson analyst J. Morris now expects that the company will post earnings of $1.23 per share for the year, down from their prior forecast of $1.24. DA Davidson has a “Buy” rating and a $48.00 price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America cut shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price objective for the company. in a research note on Thursday, May 30th. Credit Suisse Group dropped their price objective on shares of Canada Goose from $76.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Wells Fargo & Co reissued a “hold” rating on shares of Canada Goose in a research note on Thursday, May 30th. Finally, HSBC started coverage on shares of Canada Goose in a research note on Monday, May 20th. They set a “buy” rating and a $48.32 price target for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Canada Goose currently has an average rating of “Buy” and a consensus price target of $64.48.
Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.01. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The business had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $54.38 million. During the same period last year, the company posted ($0.16) EPS. The business’s revenue was up 59.1% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors purchased a new stake in Canada Goose in the 1st quarter valued at about $33,000. Kistler Tiffany Companies LLC bought a new stake in shares of Canada Goose in the 2nd quarter valued at about $29,000. Bremer Bank National Association bought a new stake in shares of Canada Goose in the 1st quarter valued at about $46,000. Rehmann Capital Advisory Group raised its holdings in shares of Canada Goose by 454.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after purchasing an additional 800 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Canada Goose in the 2nd quarter valued at about $52,000. 52.24% of the stock is owned by institutional investors.
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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