Canada Goose Holdings Inc. (GOOS) Expected to Post Quarterly Sales of $114.18 Million
Wall Street brokerages predict that Canada Goose Holdings Inc. (NYSE:GOOS) will post sales of $114.18 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Canada Goose Holdings’ earnings. The highest sales estimate is $115.21 million and the lowest is $113.14 million. The firm is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Canada Goose Holdings will report full year sales of $114.18 million for the current financial year, with estimates ranging from $345.21 million to $395.74 million. For the next year, analysts anticipate that the firm will report sales of $470.38 million per share, with estimates ranging from $414.84 million to $537.98 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Canada Goose Holdings.
Canada Goose Holdings (NYSE:GOOS) last released its earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to analyst estimates of C$16.50 million. The company’s revenue was up 79.6% on a year-over-year basis.
GOOS has been the topic of several research analyst reports. Bank of America Corporation raised Canada Goose Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, June 28th. Zacks Investment Research lowered Canada Goose Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub raised Canada Goose Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Canaccord Genuity reissued a “buy” rating and issued a $34.00 price objective on shares of Canada Goose Holdings in a report on Wednesday, September 6th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Canada Goose Holdings in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$26.82.
Canada Goose Holdings (NYSE GOOS) opened at 20.51 on Friday. The firm has a market cap of $2.19 billion and a P/E ratio of 109.10. Canada Goose Holdings has a 52-week low of $15.20 and a 52-week high of $24.32. The company’s 50 day moving average is $19.96 and its 200-day moving average is $18.99.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in shares of Canada Goose Holdings in the first quarter valued at approximately $857,000. Ameriprise Financial Inc. purchased a new position in shares of Canada Goose Holdings in the first quarter valued at approximately $298,000. Laurion Capital Management LP lifted its position in shares of Canada Goose Holdings by 509.7% in the second quarter. Laurion Capital Management LP now owns 609,700 shares of the company’s stock valued at $12,042,000 after acquiring an additional 509,700 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Canada Goose Holdings in the first quarter valued at approximately $2,487,000. Finally, Balyasny Asset Management LLC purchased a new position in shares of Canada Goose Holdings in the second quarter valued at approximately $4,256,000. Institutional investors and hedge funds own 26.23% of the company’s stock.
Canada Goose Holdings Company Profile
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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