Posted by admin on May 19th, 2022

Canada Goose (NYSE:GOOS – Get Rating) updated its FY23 earnings guidance on Thursday. The company provided EPS guidance of CAD1.60-1.90 for the period, compared to the consensus EPS estimate of $1.56. The company issued revenue guidance of CAD1.30-1.40 billion, compared to the consensus revenue estimate of $1.30 billion.Canada Goose also updated its FY 2023 guidance to $1.26-$1.50 EPS.

A number of research firms recently commented on GOOS. CIBC dropped their price objective on Canada Goose from C$67.00 to C$45.00 in a report on Friday, February 11th. Wells Fargo & Company dropped their price objective on Canada Goose from C$55.00 to C$45.00 in a report on Tuesday, April 5th. Veritas Investment Research upgraded Canada Goose from a reduce rating to a buy rating in a report on Monday, February 14th. Barclays dropped their price objective on Canada Goose from $38.00 to $32.00 in a report on Friday, April 1st. Finally, Robert W. Baird dropped their price objective on Canada Goose to C$50.00 in a report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $42.22.

Shares of GOOS stock opened at $19.01 on Thursday. Canada Goose has a 12 month low of $17.91 and a 12 month high of $53.64. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $23.48 and its two-hundred day moving average is $31.60. The company has a market cap of $2.03 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 0.47 and a beta of 1.62.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Canada Goose by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,626,615 shares of the company’s stock valued at $42,828,000 after acquiring an additional 20,326 shares during the period. Wasatch Advisors Inc. bought a new stake in shares of Canada Goose in the first quarter valued at approximately $25,797,000. Goldman Sachs Group Inc. boosted its position in shares of Canada Goose by 794.2% in the first quarter. Goldman Sachs Group Inc. now owns 819,179 shares of the company’s stock valued at $21,569,000 after acquiring an additional 727,566 shares during the period. Norges Bank bought a new stake in shares of Canada Goose in the fourth quarter valued at approximately $17,653,000. Finally, BlackRock Inc. boosted its position in shares of Canada Goose by 0.5% in the first quarter. BlackRock Inc. now owns 465,058 shares of the company’s stock valued at $12,244,000 after acquiring an additional 2,086 shares during the period. Institutional investors own 42.99% of the company’s stock.

Canada Goose Company Profile (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) CAO Walter George Powell Acquires 6,000 Shares

LiqTech International (NASDAQ:LIQT) PT Lowered to $3.00 at Lake Street Capital