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

Home Daily Stock Opinions and Ratings Canada Goose Holdings (GOOS-T)

TSE:GOOS

25.74

0.56 (2.22%) 1d

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick May 26/22, Down 16.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GOOS has triggered its stop at $21. To remain disciplined, we recommend covering the position at this time.

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WAIT

Key worry about expansion they'll be able to do in China. Price has declined, but if we hit a recession, disposable income will pull back a bit. Still facing cost headwinds, margins will tighten, so you might get it for cheaper.

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PAST TOP PICK

(A Top Pick Oct 05/21, Down 50%) Shares have been beaten unfairly. It's a discretionary luxury retailer. Some feel that demand for luxury goods has been satiated, but GOOS' parks are essential outwear. Plus, it's an iconic brand. Also, they are expanding in the US and Europe, though bumpy in China. Sales are fine, though there is margin compression which may presage a downtown in earnings, but he's holding on. Shares will rally.

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DON'T BUY

Has owned this in the past, but not now. Probably with high inflation and slowing economy, GOOS is vulnerable to weaker sales. Long term, this will show secular growth. Has a geographic expansion story in China and is a class brand. Have been problems in China in recent years with rolling Covid lockdowns, and travel needs to return (tourists buying coats in Banff, for instance). Shares could decline further if the economy slows down. But long term this will grow. But he isn't buying this now.

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Unspecified

It has under-performed but the near term outlook for China is favourable for Canada Goose. The recent uptrend should continue based on investors' recession views - deep or not. The second question was on Maple Leaf Foods. It had a massive drop of 16% last week which provides an opportunity to buy.

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It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

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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Canada Goose Holdings(GOOS-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

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, 5 stock analysts published opinions about GOOS-T. 4 analysts recommended to BUY the stock. 1 analyst 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?

5 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 2022-12-02, Canada Goose Holdings (GOOS-T) stock closed at a price of $25.74.

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Canada Goose Holdings (GOOS-T)

TSE:GOOS

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T)

Canada Goose Holdings(GOOS-T) Rating

Canada Goose Holdings(GOOS-T) Frequently Asked Questions

What is Canada Goose Holdings stock symbol?

Is Canada Goose Holdings a buy or a sell?

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

Why is Canada Goose Holdings stock dropping?

Is Canada Goose Holdings worth watching?

What is Canada Goose Holdings stock price?

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