Canada Goose (NYSE:GOOS) Issues Earnings Results

Canada Goose (NYSE:GOOS - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.33 EPS for the quarter, topping 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%. During the same quarter last year, the firm posted $0.14 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year.

Canada Goose Price Performance

Shares of GOOS stock traded up $2.12 on Wednesday, reaching $11.04. The company's stock had a trading volume of 2,326,761 shares, compared to its average volume of 837,824. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. Canada Goose has a 12-month low of $6.73 and a 12-month high of $14.75. The company has a market capitalization of $1.07 billion, a P/E ratio of 21.21, a PEG ratio of 1.00 and a beta of 1.26. The stock's 50 day simple moving average is $8.25 and its 200-day simple moving average is $9.39.

Institutional Investors Weigh In On Canada Goose

An institutional investor recently raised its position in Canada Goose stock. Goldman Sachs Group Inc. increased its holdings in Canada Goose Holdings Inc. (NYSE:GOOS - Free Report) by 139.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,235 shares of the company's stock after buying an additional 179,946 shares during the period. Goldman Sachs Group Inc. owned 0.32% of Canada Goose worth $2,458,000 as of its most recent SEC filing. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOS shares. Barclays reiterated an "underweight" rating and issued a $8.00 price target (down previously from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Evercore ISI cut their target price on Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Finally, Wells Fargo & Company raised Canada Goose from an "underweight" rating to an "equal weight" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.