Canada Goose (NYSE:GOOS) Posts Earnings Results, Hits Expectations

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

Canada Goose Trading Down 8.1 %

Shares of Canada Goose stock traded down $0.86 during trading hours on Thursday, hitting $9.78. The company’s stock had a trading volume of 3,210,479 shares, compared to its average volume of 933,686. Canada Goose has a 12 month low of $9.23 and a 12 month high of $14.75. The stock has a 50 day moving average of $10.17 and a 200 day moving average of $10.54. The company has a market capitalization of $946.85 million, a PE ratio of 26.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71.

Analysts Set New Price Targets

GOOS has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price 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. UBS Group dropped their price objective on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.60.

Canada Goose Company Profile

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.