Canada Goose Holdings Inc Receives a Hold from TD Securities

By Carrie Williams

Canada Goose Holdings Inc (TSX: GOOS), the NA sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Brian Morrison from TD Securities remains neutral on the stock and has a C$23 price target.

Morrison noted:

“We expect GOOS to report a loss in a seasonally weak period as it continues to invest in its global expansion strategy. Recall that historically, over 75% of consolidated revenue and the majority of earnings have been realized in fiscal Q2/Q3. We anticipate that revenue will decline in a seasonally weak quarter as a function of the timing of shipments y/y around the holiday selling period within the Wholesale segment.”

According to, Morrison is ranked #1567 out of 4569 analysts.

Canada Goose Holdings Inc has an analyst consensus of Hold, with a price target consensus of C$23.

Based on Canada Goose Holdings Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$41.92 million and GAAP net loss of C$9.2 million. In comparison, last year the company earned revenue of C$41.92 million and had a GAAP net loss of C$9.2 million.

Canada Goose Holdings, Inc. engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the Wholesale and Direct to Consumer segments. The Wholesale segment comprises thee sales made to a mix of functional and fashionable retailers, which include major luxury department stores, outdoor speciality stores, and individual shops. The Direct to Consumer segment includes the sales through the country-specific e-commerce platforms and its retail stores. The company was founded in 1957 and is headquartered in Toronto, Canada.

The company’s shares closed last Tuesday at $24.21.