#2 - Canada Goose (TSE:GOOS)
Canada Goose (TSE:GOOS) Canada Goose stock is a victim of elevated expectations. Retail is a challenging sector in the best of economies. With some studies pointing to weakening in consumer spending, Canadian retail stocks plunged. GOOS was among them, diving 40% from highs reached in 2018. However, after the decline, the stock looks to be priced at a much more realistic level. The company reported a 59% increase in first-quarter earnings, but the stock has remained stuck in neutral due to the trade war between the U.S. and China. In addition to the strong earnings report, analysts are cheering the efforts that Canada Goose is making to diversify their portfolio to include lightweight spring wear. The new additions are expected to boost sales growth by 50% this year. The stock is still trading at about a 30% discount to its February high making it an attractive option for investors looking to buy stocks that are on sale.
About Canada Goose
Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.
Read More - Current Price
- C$13.26
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- C$16.57 (25.0% Upside)
