Brokerages forecast that Canada Goose Holdings (NYSE:GOOS) will post $60.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Canada Goose’s earnings, with estimates ranging from $52.10 million to $69.29 million. Canada Goose posted sales of $38.60 million during the same quarter last year, which suggests a positive year over year growth rate of 57.3%. The company is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Canada Goose will report full-year sales of $431.14 million for the current financial year, with estimates ranging from $421.96 million to $440.31 million. For the next fiscal year, analysts expect that the firm will report sales of $540.25 million per share, with estimates ranging from $515.09 million to $565.41 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Canada Goose.
A number of research analysts have recently issued reports on GOOS shares. Canaccord Genuity reissued a “buy” rating and issued a $50.00 target price (up previously from $36.00) on shares of Canada Goose in a report on Tuesday, February 6th. ValuEngine raised Canada Goose from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Barclays boosted their target price on Canada Goose from $28.00 to $39.00 and gave the company an “average” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Robert W. Baird raised Canada Goose from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, February 8th. Finally, Zacks Investment Research raised Canada Goose from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.00.
A number of hedge funds have recently made changes to their positions in GOOS. Fred Alger Management Inc. grew its holdings in Canada Goose by 70.8% during the fourth quarter. Fred Alger Management Inc. now owns 1,838,949 shares of the company’s stock worth $58,037,000 after acquiring an additional 762,563 shares during the period. Elephas Investment Management Ltd acquired a new position in Canada Goose during the fourth quarter worth $17,208,000. Waratah Capital Advisors Ltd. acquired a new position in Canada Goose during the fourth quarter worth $14,346,000. Scopus Asset Management L.P. acquired a new position in Canada Goose during the first quarter worth $14,623,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Canada Goose by 43,295.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 436,559 shares of the company’s stock worth $13,778,000 after acquiring an additional 435,553 shares during the period. 27.69% of the stock is currently owned by hedge funds and other institutional investors.
Canada Goose opened at $40.87 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $4.22 billion, a PE ratio of 123.85, a P/E/G ratio of 2.22 and a beta of 2.54. The company has a current ratio of 2.22, a quick ratio of 1.24 and a debt-to-equity ratio of 0.56. Canada Goose has a 12-month low of $39.35 and a 12-month high of $40.22.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. 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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