Canada Goose (NYSE:GOOS) Posts Earnings Results, Hits Estimates

Canada Goose (NYSE:GOOS) released its earnings results on Thursday. The company reported $1.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.10, Zacks reports. Canada Goose had a return on equity of 22.60% and a net margin of 4.83%.

Canada Goose Trading Down 1.5 %

Shares of GOOS traded down $0.15 during mid-day trading on Friday, reaching $9.66. The company’s stock had a trading volume of 1,052,060 shares, compared to its average volume of 950,502. The stock has a market cap of $934.51 million, a PE ratio of 26.09, a P/E/G ratio of 0.67 and a beta of 1.31. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average price is $10.18 and its two-hundred day moving average price is $10.54. Canada Goose has a 52 week low of $9.23 and a 52 week high of $14.75.

Wall Street Analyst Weigh In

GOOS has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group reduced their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Canada Goose presently has a consensus rating of “Hold” and a consensus target price of $11.60.

About Canada Goose

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.