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Canada Goose (NYSE:GOOS) has received an "underweight" rating from Barclays, with a target price reduced to $8.00, indicating a potential downside. The stock currently has a consensus rating of "Hold" and a target price of $10.20, with recent trading around $8.23. Institutional investors hold 83.64% of the stock, reflecting significant interest despite mixed analyst ratings.
Shares of Canada Goose Holdings plummeted to an all-time low after Barclays downgraded the stock to "underweight" and reduced the price target from $10 to $8, citing increased competition and seasonal revenue volatility. The analysts also highlighted potential margin pressures from looming U.S. tariffs on Canadian imports, as the company relies heavily on its Canadian manufacturing for down-filled outerwear. The stock has lost approximately 35% of its value over the past year, closing at $7.86.
Access to the page has been denied. Canada Goose has been downgraded by Barclays due to concerns over competition and risks associated with tariffs. This decision reflects the challenges the company faces in the current market environment.
Barclays has downgraded Canada Goose's stock rating from Equal Weight to Underweight, lowering the price target from $10 to $8 amid concerns over global macroeconomic pressures, increasing competition, and tariff risks. The stock, currently at $8.24, has dropped over 34% in six months and is near its 52-week low. Despite a recent earnings beat, revenue fell short of expectations, prompting analysts to express caution about the company's future performance.
Canada Goose Holdings Inc.
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