Equities research analysts expect that Canada Goose Holdings Inc (NYSE:GOOS) will post sales of $259.98 million for the current quarter, Zacks reports. Three analysts have issued estimates for Canada Goose’s earnings. The lowest sales estimate is $251.71 million and the highest is $275.59 million. Canada Goose posted sales of $209.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.2%. The business is expected to announce its next earnings report before the market opens on Thursday, February 14th.

According to Zacks, analysts expect that Canada Goose will report full year sales of $601.19 million for the current financial year, with estimates ranging from $590.05 million to $622.03 million. For the next financial year, analysts forecast that the company will post sales of $754.40 million, with estimates ranging from $705.54 million to $826.18 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Canada Goose.

Canada Goose (NYSE:GOOS) last issued its earnings results on Wednesday, November 14th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.16. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The company had revenue of $230.30 million for the quarter, compared to analysts’ expectations of $197.99 million. During the same period in the prior year, the business earned $0.29 EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis.

Several research analysts have issued reports on GOOS shares. TD Securities upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and dropped their target price for the stock from $93.00 to $84.00 in a report on Thursday, January 3rd. DA Davidson increased their target price on shares of Canada Goose to $74.00 and gave the stock a “buy” rating in a report on Friday, November 16th. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a report on Friday, November 16th. Canaccord Genuity set a $102.00 target price on shares of Canada Goose and gave the stock a “buy” rating in a report on Thursday, November 15th. Finally, Susquehanna Bancshares started coverage on shares of Canada Goose in a report on Monday, December 10th. They set a “positive” rating and a $58.45 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Canada Goose has an average rating of “Buy” and a consensus target price of $78.86.

Shares of Canada Goose stock opened at $59.19 on Thursday. The company has a current ratio of 3.91, a quick ratio of 1.73 and a debt-to-equity ratio of 0.94. Canada Goose has a 1 year low of $30.50 and a 1 year high of $72.27. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 91.06, a price-to-earnings-growth ratio of 1.91 and a beta of 2.82.

Several hedge funds have recently added to or reduced their stakes in GOOS. Renaissance Technologies LLC purchased a new stake in shares of Canada Goose during the second quarter valued at about $3,017,000. Raymond James & Associates purchased a new stake in shares of Canada Goose during the second quarter valued at about $215,000. Northern Trust Corp lifted its position in shares of Canada Goose by 13.9% during the second quarter. Northern Trust Corp now owns 14,296 shares of the company’s stock valued at $841,000 after buying an additional 1,740 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Canada Goose by 39.3% during the third quarter. Bank of Montreal Can now owns 255,652 shares of the company’s stock valued at $16,500,000 after buying an additional 72,173 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Canada Goose during the third quarter valued at about $2,035,000. 38.13% of the stock is owned by institutional investors and hedge funds.

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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