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Canada Goose (GOOS) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-07-16 22:56
Company Overview - Canada Goose (GOOS) shares have decreased by 11.64% over the past month, while the Retail-Wholesale sector gained 2.58% and the S&P 500 increased by 3.82% [1] - The stock closed at $12.04, reflecting a daily increase of 1.69%, outperforming the S&P 500's daily gain of 0.64% [2] Financial Performance - For the fiscal year, earnings are projected at $0.83 per share, with revenue expected to be $986.24 million, indicating a 13.7% increase in earnings but no change in revenue compared to the previous year [3] - The upcoming earnings report is scheduled for August 1, 2024, with an expected EPS of -$0.55, representing a 5.77% decline year-over-year, while revenue is projected to rise by 1.74% to $64.24 million [8] Valuation Metrics - Canada Goose is currently trading at a Forward P/E ratio of 14.27, which is lower than the industry average Forward P/E of 14.96 [5] - The PEG ratio stands at 2.13, matching the average PEG ratio for the Retail - Apparel and Shoes industry [11] Industry Context - The Retail - Apparel and Shoes industry ranks 157 in the Zacks Industry Rank, placing it in the bottom 38% of over 250 industries [6] - The Zacks Rank system indicates that Canada Goose currently holds a rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [10]
Canada Goose (GOOS) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-07-09 22:56
Shares of the high-end coat maker witnessed a loss of 5.72% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.94% and the S&P 500's gain of 4.34%. The most recent trading session ended with Canada Goose (GOOS) standing at $12.64, reflecting a -0.39% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.07%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.14%. Analysts and in ...
Should Value Investors Buy Canada Goose (GOOS) Stock?
ZACKS· 2024-07-09 15:06
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. One stock to keep an eye on is Canada Goose (GOOS) . GOOS is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 14.29, while its industry has an average P/E of 15.34. GOOS's Forwa ...
Canada Goose (GOOS) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-06-27 22:56
In the latest trading session, Canada Goose (GOOS) closed at $13.17, marking a +1.15% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.09%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.3%. It is also important to note the recent changes to analyst estimates for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of ...
Here is What to Know Beyond Why Canada Goose Holdings Inc. (GOOS) is a Trending Stock
ZACKS· 2024-06-20 14:06
Canada Goose (GOOS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this high-end coat maker have returned -1.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Retail - Apparel and Shoes industry, to which Canada Goose belongs, has gained 5.5% over this period. Now the key question is: Where could the stock be headed in the near term? ...
Canada Goose (GOOS) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-06-13 23:13
The high-end coat maker's stock has climbed by 18.39% in the past month, exceeding the Retail-Wholesale sector's gain of 0.79% and the S&P 500's gain of 3.96%. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.83 per share and revenue of $986.24 million, which would represent changes of +13.7% and 0%, respectively, from the prior year. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on ...
Is Canada Goose (GOOS) Stock Outpacing Its Retail-Wholesale Peers This Year?
ZACKS· 2024-06-10 14:40
Group 1: Company Performance - Canada Goose (GOOS) has gained approximately 14.8% year-to-date, outperforming the Retail-Wholesale sector's average return of 9.5% [4] - The Zacks Consensus Estimate for Canada Goose's full-year earnings has increased by 7.1% over the past quarter, indicating improved analyst sentiment and earnings outlook [4] - Canada Goose holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market over the next one to three months [3] Group 2: Industry Context - Canada Goose is part of the Retail - Apparel and Shoes industry, which consists of 41 stocks and currently ranks 60 in the Zacks Industry Rank [6] - The average return for stocks in the Retail - Apparel and Shoes industry this year is 22%, indicating that Canada Goose is slightly underperforming its industry [6] - The Retail-Wholesale group includes 213 companies and is currently ranked 12 in the Zacks Sector Rank, reflecting the overall strength of the sector [2]
Canada Goose (GOOS) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-06-07 22:50
Shares of the high-end coat maker have appreciated by 21.3% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 0.18% and the S&P 500's gain of 3.51%. It is also important to note the recent changes to analyst estimates for Canada Goose. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Digging into valuation, ...
Is Trending Stock Canada Goose Holdings Inc. (GOOS) a Buy Now?
ZACKS· 2024-06-06 14:06
Conclusion Over the past month, shares of this high-end coat maker have returned +25.5%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Retail - Apparel and Shoes industry, which Canada Goose falls in, has gained 13.8%. The key question now is: What could be the stock's future direction? Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream ...
If You Can Only Buy One Stock in May, It Better Be One of These 3 Names
investorplace.com· 2024-05-28 10:22
Looking into the future of the US economy reveals a mixed bag of signals, especially when trying to find the top stocks to buy. On the positive side, job opportunities abound, with many openings surpassing pre-pandemic levels. Hourly wages are rising, outpacing inflation, which means more consumer purchasing power. However, the specter of inflation remains, stubbornly resisting the Federal Reserve's efforts to meet its targets. This inflationary pressure and consumers' expectations of further price increase ...