Canada Goose Holdings Inc. (NYSE:GOOS) has a beta value of 1.47 and has seen 0.69 million shares traded in the recent trading session. The company, currently valued at $2.96B, closed the recent trade at $21.35 per share which meant it lost -$0.15 on the day or -0.67% during that session. The GOOS stock price is -61.36% off its 52-week high price of $34.45 and 32.04% above the 52-week low of $14.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.48 million shares traded. The 3-month trading volume is 1.72 million shares.
The consensus among analysts is that Canada Goose Holdings Inc. (GOOS) is an Overweight stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 5 out of 14 have rated it as a Hold, with 5 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.19.
Canada Goose Holdings Inc. (NYSE:GOOS) trade information
Sporting -0.67% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the GOOS stock price touched $21.35 or saw a rise of 2.33%. Year-to-date, Canada Goose Holdings Inc. shares have moved 20.72%, while the 5-day performance has seen it change -2.32%. Over the past 30 days, the shares of Canada Goose Holdings Inc. (NYSE:GOOS) have changed 17.55%. Short interest in the company has seen 11.02 million shares shorted with days to cover at 9.6.
Wall Street analysts have a consensus price target for the stock at $20.23, which means that the shares’ value could drop -5.54% from the levels at last check today. The projected low price target is $10.00 while the price target rests at a high of $30.54. In that case, then, we find that the latest price level in today’s session is -43.04% off the targeted high while a plunge would see the stock lose 53.16% from the levels at last check today.
Canada Goose Holdings Inc. (GOOS) estimates and forecasts
Figures show that Canada Goose Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 13.40% over the past 6 months, with this year growth rate of 34.48%, compared to -17.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 6.20% and 300.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.30%.
10 analysts offering their estimates for the company have set an average revenue estimate of $461.06 million for the current quarter. 9 have an estimated revenue figure of $196.33 million for the next quarter concluding in Mar 2023. Year-ago sales stood $439.59 million and $167.33 million respectively for this quarter and the next, and analysts expect sales will grow by 4.90% for the current quarter and 17.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.10% over the past 5 years. Earnings growth for 2023 is a modest 37.20% while over the next 5 years, the company’s earnings are expected to increase by 28.20%.
Canada Goose Holdings Inc. is expected to release its next earnings report on February 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Canada Goose Holdings Inc. (NYSE:GOOS)’s Major holders
Insiders own 0.50% of the company shares, while shares held by institutions stand at 89.50% with a share float percentage of 89.96%. Investors are also buoyed by the number of investors in a company, with Canada Goose Holdings Inc. having a total of 222 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 8.61 million shares worth more than $184.28 million. As of Sep 29, 2022, Morgan Stanley held 16.06% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 4.07 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $87.26 million and represent 7.60% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Morgan Stanley Inst Fd Inc-International Advantage Port and Trust for Advised Port-Opportunity Trust. As of Sep 29, 2022, the former fund manager holds about 9.98% shares in the company for having 5.35 million shares of worth $114.52 million while later fund manager owns 2.0 million shares of worth $42.83 million as of Dec 30, 2022, which makes it owner of about 3.73% of company’s outstanding stock.