Alexander Perry, an analyst from Bank of America Securities, reiterated the Sell rating on Canada Goose Holdings. The associated price target remains the same with C$14.00.
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Alexander Perry has given his Sell rating due to a combination of factors impacting Canada Goose Holdings. Despite a notable increase in total revenue, driven by a significant rise in direct-to-consumer sales, the company’s operating profit fell short of expectations. This shortfall was primarily due to elevated marketing expenditures associated with their seasonal campaigns.
Additionally, the company has not provided guidance for fiscal year 2026, citing macroeconomic uncertainties, which adds to the overall uncertainty surrounding its financial outlook. Furthermore, the anticipated higher selling, general, and administrative expenses are expected to outweigh the benefits of improved direct-to-consumer sales momentum, leading to a downward revision of earnings per share estimates. These elements collectively contribute to the Sell rating, as they reflect challenges in achieving the desired financial performance.
Perry covers the Consumer Cyclical sector, focusing on stocks such as Mattel, SharkNinja, Inc., and Canada Goose Holdings. According to TipRanks, Perry has an average return of -0.1% and a 43.28% success rate on recommended stocks.
In another report released yesterday, Williams Trading also maintained a Sell rating on the stock with a C$10.00 price target.