Canada Goose (NYSE:GOOS) released its quarterly earnings results on Wednesday. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22, Briefing.com reports. The company had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $267.29 million. Canada Goose had a return on equity of 41.47% and a net margin of 15.60%. Canada Goose’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Canada Goose updated its FY20 guidance to +25% to $1.70 EPS.
Shares of Canada Goose stock traded up $0.90 during mid-day trading on Thursday, reaching $35.71. 4,005,727 shares of the stock traded hands, compared to its average volume of 1,840,640. The business has a 50-day moving average of $40.17 and a 200 day moving average of $41.80. Canada Goose has a fifty-two week low of $31.67 and a fifty-two week high of $71.58. The stock has a market capitalization of $4.29 billion, a PE ratio of 35.01, a PEG ratio of 1.41 and a beta of 3.13. The company has a quick ratio of 0.76, a current ratio of 3.38 and a debt-to-equity ratio of 1.47.
A number of equities analysts have commented on GOOS shares. DA Davidson reduced their target price on Canada Goose to $38.00 and set a “neutral” rating for the company in a report on Thursday. Credit Suisse Group reissued an “outperform” rating and set a $62.00 target price (down previously from $72.00) on shares of Canada Goose in a report on Thursday. Finally, Zacks Investment Research cut Canada Goose from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.79.
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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