Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) Issues Earnings Results

Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) released its earnings results on Thursday. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10, Morningstar.com reports. The firm had revenue of $265.80 million during the quarter, compared to the consensus estimate of $240.68 million. Canada Goose Holdings Inc. Subordinate Voting Shares had a return on equity of 48.16% and a net margin of 12.91%. The firm’s revenue for the quarter was up 27.1% compared to the same quarter last year.

Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE:GOOS) opened at $30.46 on Friday. The stock has a market capitalization of $3,407.16 and a price-to-earnings ratio of 67.64. Canada Goose Holdings Inc. Subordinate Voting Shares has a twelve month low of $15.20 and a twelve month high of $38.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.01 and a quick ratio of 1.82.

Several hedge funds and other institutional investors have recently bought and sold shares of GOOS. FMR LLC increased its holdings in shares of Canada Goose Holdings Inc. Subordinate Voting Shares by 71.4% in the second quarter. FMR LLC now owns 4,904,394 shares of the company’s stock valued at $96,887,000 after buying an additional 2,043,794 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Canada Goose Holdings Inc. Subordinate Voting Shares by 58.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock valued at $43,614,000 after purchasing an additional 812,532 shares during the period. Calamos Advisors LLC raised its stake in Canada Goose Holdings Inc. Subordinate Voting Shares by 104.1% during the 3rd quarter. Calamos Advisors LLC now owns 1,189,447 shares of the company’s stock valued at $24,443,000 after purchasing an additional 606,674 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in Canada Goose Holdings Inc. Subordinate Voting Shares during the 4th quarter valued at $14,346,000. Finally, Artisan Partners Limited Partnership raised its stake in Canada Goose Holdings Inc. Subordinate Voting Shares by 134.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 779,828 shares of the company’s stock valued at $16,025,000 after purchasing an additional 447,332 shares during the period. 26.27% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on GOOS. Zacks Investment Research upgraded Canada Goose Holdings Inc. Subordinate Voting Shares from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday. Robert W. Baird upgraded Canada Goose Holdings Inc. Subordinate Voting Shares from a “neutral” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Thursday. Canaccord Genuity restated a “buy” rating and issued a $50.00 target price (up from $36.00) on shares of Canada Goose Holdings Inc. Subordinate Voting Shares in a research report on Tuesday. Barclays upped their target price 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, February 5th. They noted that the move was a valuation call. Finally, ValuEngine raised Canada Goose Holdings Inc. Subordinate Voting Shares from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Canada Goose Holdings Inc. Subordinate Voting Shares has a consensus rating of “Buy” and an average price target of $30.77.

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About Canada Goose Holdings Inc. Subordinate Voting Shares

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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