Wall Street brokerages predict that Canada Goose Holdings Inc (NYSE:GOOS) will post $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Canada Goose’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.15. Canada Goose posted earnings of $0.23 per share in the same quarter last year, which would suggest a negative year over year growth rate of 17.4%. The firm is expected to issue its next earnings results on Thursday, November 8th.

On average, analysts expect that Canada Goose will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.83 to $0.92. For the next fiscal year, analysts anticipate that the business will post earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Canada Goose.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, August 9th. The company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.02. Canada Goose had a net margin of 14.80% and a return on equity of 41.49%. The company had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $35.72 million. During the same period in the prior year, the company posted ($0.13) earnings per share. Canada Goose’s revenue for the quarter was up 58.5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on GOOS shares. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, June 20th. Goldman Sachs Group started coverage on shares of Canada Goose in a research note on Monday, June 25th. They set a “neutral” rating and a $69.00 target price on the stock. Robert W. Baird lowered shares of Canada Goose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 1st. Barclays reissued a “buy” rating and set a $72.00 target price on shares of Canada Goose in a research note on Wednesday, August 8th. Finally, DA Davidson started coverage on shares of Canada Goose in a research note on Tuesday, September 25th. They set a “buy” rating and a $68.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $59.11.

A number of hedge funds and other institutional investors have recently modified their holdings of GOOS. Artisan Partners Limited Partnership boosted its stake in Canada Goose by 110.8% during the second quarter. Artisan Partners Limited Partnership now owns 2,199,702 shares of the company’s stock worth $129,452,000 after acquiring an additional 1,156,186 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Canada Goose by 184.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,304,231 shares of the company’s stock valued at $76,661,000 after buying an additional 845,125 shares in the last quarter. Morgan Stanley lifted its stake in shares of Canada Goose by 151.8% in the second quarter. Morgan Stanley now owns 1,026,313 shares of the company’s stock valued at $60,398,000 after buying an additional 618,670 shares in the last quarter. Laurion Capital Management LP bought a new position in shares of Canada Goose in the second quarter valued at $35,219,000. Finally, Millennium Management LLC lifted its stake in shares of Canada Goose by 1,319.2% in the second quarter. Millennium Management LLC now owns 301,860 shares of the company’s stock valued at $17,764,000 after buying an additional 280,591 shares in the last quarter. 38.59% of the stock is currently owned by institutional investors and hedge funds.

GOOS opened at $52.45 on Thursday. Canada Goose has a twelve month low of $19.95 and a twelve month high of $68.75. The company has a quick ratio of 0.71, a current ratio of 3.24 and a debt-to-equity ratio of 0.96. The firm has a market cap of $7.04 billion, a PE ratio of 80.69, a PEG ratio of 2.44 and a beta of 1.61.

About Canada Goose

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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