Buy, Sell or Hold: Canada Goose Holdings (GOOS-T) — Stock Predictions at Stockchase

TSE:GOOS

25.62

0.83 (3.35%) 1d

Showing 1 to 15 of 100 entries

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TOP PICK

Stockchase Research Editor: Michael O'Reilly Summer is not the time to think about parkas, but it is a great time to buy the stock of GOOS. Recently reported earnings beat expectations and recorded the company's record sales of over $1 billion and management guidance expects $1.3-$1.4 billion in 2022. Online sales margins are 76%. Non-parka revenues were up 70%. The company plans expansion into South Korea and Japan in 2023 to add to its Asian foot print that now includes China. We recommend a stop loss at $21, looking to achieve $39.50 -- upside potential over 50%. Yield 0% (Analysts’ price target is $39.20)

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BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Overall likes the stock. The Japan deal to expand their relationship with Sazaby is positive. The joint venture should generate total revenues of 60-65M CAD in Fiscal 2023. Good prospects in a recovery world. China’s growth could be a headwind, since it is still closely tied to their performance. Unlock Premium - Try 5i Free

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PAST TOP PICK

(A Top Pick Jan 07/21, Up 12%) Volatile. Attracts a lot of skepticism, especially in the US, but keeps beating on sales and earnings. Sensational brand, very little substitute for the products. Under-penetrated outside our cold northern climes. Consensus growth is sales 25%, earnings 48%. Pullback is buyable. Look at historical post-earnings reactions; the stock can pop.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. EBITDA beat estimates by more than 100%. Sales also beat. EOS came in at 12 cents. Good overall results. Guidance was increased and the company noted that it had not experienced any supply chain issues. Unlock Premium - Try 5i Free

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DON'T BUY

Great Canadian brand. Really likes the company. Out of his buy range. Volatile. Moves a lot around quarter releases. Long term, hard to see the growth to justify 38x PE. He might be interested around $20.

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TOP PICK

It's a sales growth story as they expand in the US, Europe and especially China. Sales are growing at 22% compound over the last 5 years. E-commerce maintained their sales when their stores were closed during the pandemic. Their footwear line expanson should bolster sales and reduce winter seasonality. The market misunderstood their last quarterly results and sold shares too much. Trades at a good 31x earnings vs. 40x of the industry. They've been buying back shares in the past 6 weeks. (Analysts’ price target is $56.38)

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BUY

Allan Tong’s Discover Picks The GOOS has swooned and soared in the past 12 months. A year ago, it was struggle to break above $33 on the TSX, then it topped $57 in mid-February as the U.S. and China began to reopen, fuelled by rapid vaccination rates and the company's vibrant e-commerce sales. Since then, this luxury retailer has been rangebound between $45 and $55. The fiscal Q1 quarter they posted earlier in August failed to beat lofy expectations, namely gross margins. Investors were also dour after listening to the conference call wherein management outlined plans to sell its luxury coats more online and through its own stores than through third-party retailers. Read Buying the Dip – A Stock Buying Opportunity for our full analysis.

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BUY on WEAKNESS

The goose is getting cooked today. Low point in the calendar for them. Calendar Q3 and Q4 are the big quarters. Sales were better than expected, smaller loss than expected. Stock was priced for beating expectations, and it didn't. Overseas sales are strong, comfortable with outlook, long-term secular growth, strong brand. A buying opportunity.

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HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Changing its strategy with more direct selling. This will boost margins long term. The quarter release was fine and ahead of estimates. No reason to panic. Unlock Premium - Try 5i Free

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DON'T BUY

A brand that everyone in the world wants to own. There is always a bit of risk in these high flying brands. He can't step in here. Boy are they on a tear. It is priced at a hefty level.

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BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company still looks good for growth even with the good gains this year. It is at 32x 2022 earnings. Earnings are increasing nicely. The balance sheet is looking okay and the Asian economic recovery will be a tailwind. A good growth stock. Unlock Premium - Try 5i Free

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BUY

Allan Tong’s Discover Picks In early February, GOOS stock reported a blow-out beat of its Q3 revenues and profits, and shares popped nearly 30%. Much credit goes to its e-commerce channel, where online sales have jumped 39.3% in that quarter to allowed Canada Goose to post revenue growth for the first time during Covid. Keep in mind that GOOS had to close 25% of its stores during lockdowns and will benefit as a covid vaccination stock once shoppers can return to stores. Read April Showers and Flowers: 4 Covid Vaccination Stocks to Buy and Sell for our full analysis.

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TOP PICK

This is a secular growth stock. They have been expanding rapidly in Asia. They are working on their e-commerce channels as it gives them a margin uplift vs. selling coats through third party retailers. They are also increasing their in-sourcing manufacturing so as to have better control over product quality. They are making key hires in the marketing and branding groups. It has pulled back after blockbuster numbers came out. (Analysts’ price target is $61.67)

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TOP PICK

Very strong brand. Sales growing quickly, 33% compound rate over last 3 years, by expanding geographically and improving e-commerce channel. Margins have been improving. Lots of room to grow over a multi-year timeframe. No dividend. (Analysts’ price target is $35.31)

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PAST TOP PICK

(A Top Pick Aug 11/20, Up 20.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in GOOS has triggered our trailing stop at $40. We are recommending covering the remaining position at this point to remain disciplined. Combined with our prior recommendation to cover half at $44, this provides a 26.6% total return on the total position.

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Showing 1 to 15 of 100 entries

Canada Goose Holdings(GOOS-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 8

Stockchase rating for Canada Goose Holdings is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canada Goose Holdings(GOOS-T) Frequently Asked Questions

What is Canada Goose Holdings stock symbol?

Canada Goose Holdings is a Canadian stock, trading under the symbol GOOS-T on the Toronto Stock Exchange (GOOS-CT). It is usually referred to as TSX:GOOS or GOOS-T

Is Canada Goose Holdings a buy or a sell?

In the last year, 8 stock analysts published opinions about GOOS-T. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canada Goose Holdings.

Is Canada Goose Holdings a good investment or a top pick?

Canada Goose Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Canada Goose Holdings.

Why is Canada Goose Holdings stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canada Goose Holdings worth watching?

8 stock analysts on Stockchase covered Canada Goose Holdings In the last year. It is a trending stock that is worth watching.

What is Canada Goose Holdings stock price?

On 2022-06-24, Canada Goose Holdings (GOOS-T) stock closed at a price of $25.62.

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