Canada Goose (NYSE:GOOS) Announces Earnings Results

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

Canada Goose Stock Down 1.5 %

Canada Goose stock traded down $0.15 during trading on Friday, reaching $9.66. 1,052,060 shares of the company’s stock were exchanged, compared to its average volume of 950,502. The firm has a market cap of $934.51 million, a price-to-earnings ratio of 26.09, a PEG ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. Canada Goose has a 52-week low of $9.23 and a 52-week high of $14.75. The company’s 50-day moving average is $10.18 and its two-hundred day moving average is $10.54.

Analyst Ratings Changes

Several analysts recently commented on the company. Wells Fargo & Company cut Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. UBS Group cut their price objective on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group dropped 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.