Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) released its earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10, Morningstar.com reports. The company had revenue of $265.80 million for the quarter, compared to analyst estimates of $240.68 million. Canada Goose Holdings Inc. Subordinate Voting Shares’s quarterly revenue was up 27.1% on a year-over-year basis.

Shares of Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) traded down $1.37 on Friday, hitting $30.42. The stock had a trading volume of 1,144,775 shares, compared to its average volume of 1,442,238. Canada Goose Holdings Inc. Subordinate Voting Shares has a 52 week low of $15.20 and a 52 week high of $38.25. The company has a quick ratio of 1.82, a current ratio of 4.01 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $1,180.00 and a P/E ratio of 78.49.

Several brokerages recently weighed in on GOOS. Canaccord Genuity restated a “buy” rating and set a $50.00 price objective (up from $36.00) on shares of Canada Goose Holdings Inc. Subordinate Voting Shares in a research report on Tuesday. Barclays upped their price objective on Canada Goose Holdings Inc. Subordinate Voting Shares from $28.00 to $39.00 and gave the stock an “average” rating in a research report on Monday. They noted that the move was a valuation call. Robert W. Baird upgraded Canada Goose Holdings Inc. Subordinate Voting Shares from a “neutral” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday. Zacks Investment Research upgraded Canada Goose Holdings Inc. Subordinate Voting Shares from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, November 13th. Finally, Cowen began coverage on Canada Goose Holdings Inc. Subordinate Voting Shares in a research report on Friday, November 17th. They set an “outperform” rating and a $29.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.23.

Several institutional investors and hedge funds have recently modified their holdings of GOOS. First Bank & Trust raised its position in shares of Canada Goose Holdings Inc. Subordinate Voting Shares by 696.2% during the third quarter. First Bank & Trust now owns 5,072 shares of the company’s stock worth $104,000 after acquiring an additional 4,435 shares during the last quarter. Sei Investments Co. bought a new position in shares of Canada Goose Holdings Inc. Subordinate Voting Shares during the third quarter worth about $107,000. Cubist Systematic Strategies LLC bought a new position in shares of Canada Goose Holdings Inc. Subordinate Voting Shares during the second quarter worth about $127,000. Nationwide Fund Advisors raised its position in shares of Canada Goose Holdings Inc. Subordinate Voting Shares by 2.7% during the second quarter. Nationwide Fund Advisors now owns 8,090 shares of the company’s stock worth $160,000 after acquiring an additional 210 shares during the last quarter. Finally, Invictus RG bought a new position in shares of Canada Goose Holdings Inc. Subordinate Voting Shares during the third quarter worth about $163,000. Institutional investors own 26.27% of the company’s stock.

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Canada Goose Holdings Inc. Subordinate Voting Shares 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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