Canada Goose (NYSE:GOOS) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Canada Goose (NYSE:GOOS - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.17, RTT News reports. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. The company had revenue of $266.83 million during the quarter, compared to analyst estimates of $355.76 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis.

Canada Goose Stock Performance

Shares of NYSE GOOS traded up $0.39 during mid-day trading on Monday, hitting $11.80. The stock had a trading volume of 2,788,390 shares, compared to its average volume of 891,183. The firm has a market cap of $1.14 billion, a PE ratio of 22.69, a PEG ratio of 1.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. The company has a 50 day moving average of $8.42 and a two-hundred day moving average of $9.42. Canada Goose has a twelve month low of $6.73 and a twelve month high of $14.75.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a report on Saturday. Barclays lifted their price objective on Canada Goose from $8.00 to $11.00 and gave the company an "underweight" rating in a report on Friday. Cowen reaffirmed a "hold" rating on shares of Canada Goose in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Thursday. Finally, Wells Fargo & Company raised Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.50.

Institutional Trading of Canada Goose

A hedge fund recently raised its stake in Canada Goose stock. Goldman Sachs Group Inc. boosted its position in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 139.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,235 shares of the company's stock after buying an additional 179,946 shares during the period. Goldman Sachs Group Inc. owned approximately 0.32% of Canada Goose worth $2,458,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 83.64% of the company's stock.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.