Brokerages forecast that Canada Goose Holdings Inc. (NYSE:GOOS) will announce earnings of $0.16 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Canada Goose Holdings’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.13. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Canada Goose Holdings will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.36 to $0.44. For the next year, analysts anticipate that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.44 to $0.59. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Canada Goose Holdings.

Canada Goose Holdings (NYSE:GOOS) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $16.50 million. The firm’s revenue was up 79.6% compared to the same quarter last year.

GOOS has been the subject of a number of recent analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $19.00 price target on shares of Canada Goose Holdings in a report on Tuesday, May 30th. ValuEngine cut Canada Goose Holdings from a “hold” rating to a “sell” rating in a report on Saturday, June 3rd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $32.00 price target on shares of Canada Goose Holdings in a report on Monday, June 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $22.00 price target (up from $20.00) on shares of Canada Goose Holdings in a report on Monday, June 5th. Finally, Zacks Investment Research cut Canada Goose Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$26.50.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC raised its position in shares of Canada Goose Holdings by 58.2% in the second quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after buying an additional 812,532 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Canada Goose Holdings during the second quarter worth approximately $429,000. Tower Research Capital LLC TRC purchased a new position in shares of Canada Goose Holdings during the second quarter worth approximately $295,000. Cubist Systematic Strategies LLC purchased a new position in shares of Canada Goose Holdings during the second quarter worth approximately $127,000. Finally, Point72 Europe London LLP purchased a new position in shares of Canada Goose Holdings during the second quarter worth approximately $2,963,000. Hedge funds and other institutional investors own 26.23% of the company’s stock.

Shares of Canada Goose Holdings (NYSE:GOOS) traded up 2.11% during midday trading on Wednesday, hitting $17.89. The company had a trading volume of 302,251 shares. The stock’s 50-day moving average price is $18.86 and its 200-day moving average price is $18.26. Canada Goose Holdings has a 12 month low of $15.20 and a 12 month high of $24.32. The company has a market cap of $1.91 billion and a price-to-earnings ratio of 99.39.

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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