Canada Goose Holdings Inc (GOOS:CA), a renowned luxury outerwear brand, has been a significant player in the performance apparel industry. Known for its premium-priced parkas and expanding global retail footprint, the company has established itself as a leader in high-end cold-weather gear.
However, its stock has been under pressure due to market volatility and shifting consumer trends. With the upcoming earnings report scheduled for January 30, 2025, investors are closely monitoring the company’s financial performance and outlook.
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Recent Performance and Market Conditions:
Canada Goose’s stock has seen a -5.43% decline over the past year, underperforming in comparison to the broader market. However, in the short term, it has shown resilience, gaining +0.61% over the past week and +1.12% over the past month.
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The apparel manufacturing sector has shown some strength in recent months, with a 7.79% return over the past month, reflecting a recovery in consumer demand.
Stock Target Advisor’s Analysis on Canada Goose Holdings Inc:
Stock Target Advisor has given a bullish rating for Canada Goose Holdings Inc., based on 12 positive signals and 4 negative signals. Among the six analysts covering the stock, two have issued a “Sell” rating, three have given a “Hold” rating, and none have issued a “Buy” recommendation.
Recent Analyst Ratings:
- Bank of America Merrill Lynch has issued a target price of CAD 13 but has not provided a specific rating.
- Williams Trading has assigned a “Sell” rating with a target price of CAD 11.
- Wells Fargo & Company has given an “Underperform” rating, setting a target of CAD 12.
Conclusion:
Canada Goose Holdings Inc (GOOS:CA) continues to be a leading brand in the luxury outerwear segment, with strong revenue growth and a well-established market presence. With the earnings report scheduled for January 30, 2025, investors will closely watch revenue performance, profitability margins, and forward guidance.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
