Zacks.com users have recently been watching Canada Goose (GOOS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Canada Goose is entering into a very difficult winter season as resellers pull back their order books and China growth slows down. Read-through from other luxury vendors like LVMH also suggests a very tough consumer environment for high-priced goods. Making matters worse, Canada Goose's supply chain expansion into Europe is severely eating into its margins.
As the winter season approaches, its time to change the wardrobe to acclimate to the colder temperatures to follow. Adjusting your wardrobe is akin to adjusting your portfolio, as seasonality plays a role in both.
Canada Goose's stock has plummeted to its IPO price despite tripling revenues, mainly due to weak Chinese consumer spending and warmer weather in recent winters. Looking forward, a pending Chinese stimulus package and a developing La Niña weather pattern could boost demand for cold-weather gear. Trading at a modest Fwd P/E of 15.7x, Canada Goose presents a speculative buying opportunity if either of these catalysts develops.
The latest trading day saw Canada Goose (GOOS) settling at $12.22, representing a +1.5% change from its previous close.
Canada Goose (GOOS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The latest trading day saw Canada Goose (GOOS) settling at $12.32, representing a -1.68% change from its previous close.
Canada Goose (GOOS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Canada Goose (GOOS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
In the latest trading session, Canada Goose (GOOS) closed at $10.68, marking a +1.71% move from the previous day.
In the latest trading session, Canada Goose (GOOS) closed at $10.50, marking a -0.76% move from the previous day.