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GOOS

Canada Goose

$35.43

1.56 (4.61%)

05:44
05/31/19
05/31
05:44
05/31/19
05:44

Goldman upgrades Canada Goose to Buy, says stock 'compelling' after selloff

Goldman Sachs analyst Alexandra Walvis upgraded Canada Goose Holdings to Buy from Neutral while lowering her price target for the shares to $47 from $65. The stock closed yesterday up $1.55 to $35.44 after a big selloff on Wednesday. In fiscal Q4, Canada Goose's direct-to-consumer sales growth slowed from the elevated growth rates experienced earlier in the year and missed consensus estimates, Walvis tells investors in a research note. While acknowledging that a "high multiple" stock should experience a "significant de-rating" in response to a sales miss, the analyst believes the company's fundamentals are "still strong." The weakness in Q4 was driven in part by strategic changes as the company shipped product and set floors earlier to take advantage of early season demand, says the analyst. Going forward, Walvis sees "several compelling growth drivers" for Canada Goose. As a result, she finds the stock's risk/reward "compelling" at current share levels.

GOOS Canada Goose
$35.43

1.56 (4.61%)

05/30/19
LEHM
05/30/19
NO CHANGE
Target $72
LEHM
Overweight
Canada Goose 31% earnings selloff yesterday overdone, says Barclays
Barclays analyst Jim Durran says Canada Goose Holdings' growth fundamentals are intact following yesterday's fiscal Q4 results. Slightly weaker Q4 revenue growth coupled with management's typical conservative guidance was enough to invoke concern around the company's revenue growth cadence, Durran tells investors in a research note. The analyst views the 31% stock as overdone and notes his outlook on the company's fundamentals remains unchanged. He keeps an Overeight rating on Canada Goose with a $72 price target.
05/30/19
ADAM
05/30/19
NO CHANGE
ADAM
Buy
Canada Goose selloff belies long growth runway, says Canaccord
Canaccord analyst Camilo Lyon noted Canada Goose sold off following its Q4 results and he believes the company made a mistake bringing out the spring floor set too early during the quarter, despite continued demand for cold-weather outerwear across the US and Canada. He believes the merchandising decision is not reflective of softening demand, nor is it representative of the future growth prospects. Lyon reiterated his Buy rating and lowered his price target to C$82 from C$95 on Canada Goose shares.
05/30/19
05/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Verizon (VZ) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying with the valuation back in-line with historical levels and more difficult comps ahead, Verizon's risk/reward is more balanced at current share levels. 2. Canada Goose (GOOS) downgraded to Neutral from Buy at BofA/Merrill with analyst Robert Ohmes saying the Direct-to-Consumer, or DTC, slowdown indicates saturation risk and warrants a lower multiple. 3. ViaSat (VSAT) downgraded to Market Perform from Outperform at Raymond James with analyst Rick Prentiss saying shares are up 55% year-to-date, reflecting good news, and expects an increase in R&D and capex from VS-3 satellite builds and deployments, expanding LatAm operations, and acquiring STCs. 4. Teva (TEVA) double downgraded to Underperform from Buy at BofA/Merrill with analyst Jason Gerberry saying Teva's financial downside to ongoing opioid litigation is difficult to gauge and the highly fragmented nature of the lawsuits makes a global settlement unlikely. 5. Toll Brothers (TOL) downgraded to Market Perform from Outperform at Raymond James with analyst Buck Horne saying he is "concerned" that shares will be range-bound near-term due to reduced estimates, a lack of upcoming catalysts, and lingering West Coast issues. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/19
GSCO
05/31/19
UPGRADE
GSCO
Buy
Canada Goose upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis upgraded Canada Goose Holdings to Buy from Neutral saying the risk/reward is "compelling" following this week's pullback in the shares. The company's growth algorithm is intact, says Walvis.

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LEN

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KBH

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VZ

Verizon

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04:55
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CVS

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ARWR

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