GOOS.TO - Canada Goose Holdings Inc.

Toronto - Toronto Delayed Price. Currency in CAD
45.00
+0.09 (+0.20%)
At close: 3:59PM EST
Stock chart is not supported by your current browser
Previous Close44.91
Open45.17
Bid45.00 x 0
Ask45.08 x 0
Day's Range44.43 - 45.75
52 Week Range42.30 - 79.89
Volume630,237
Avg. Volume675,343
Market Cap4.934B
Beta (5Y Monthly)3.15
PE Ratio (TTM)35.05
EPS (TTM)1.28
Earnings DateFeb. 11, 2020 - Feb. 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est55.45
  • Baystreet

    Stocks in play: Canada Goose Holdings

    Launched its latest collection for Project Atigi, a social entrepreneurship program featuring hand-crafted ...

  • If You Had Bought Canada Goose Holdings (TSE:GOOS) Stock A Year Ago, You'd Be Sitting On A 32% Loss, Today
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    The Motley Fool

    Canada Goose (TSX:GOOS) Stock Is the Top Growth Pick for 2020

    Canada Goose Holdings Inc (TSX:GOOS)(NYSE:GOOS) shares are way too cheap for how fast the company is growing.

  • Canada Goose Launches Bespoke Project Atigi Collection Featuring 18 Inuit Designers
    CNW Group

    Canada Goose Launches Bespoke Project Atigi Collection Featuring 18 Inuit Designers

    TORONTO, Jan. 17, 2020 /CNW/ - Canada Goose (NYSE:GOOS - News) (TSX:GOOS - News) today launched its latest collection for Project Atigi, a social entrepreneurship program featuring hand-crafted parkas by Inuit designers from Inuit Nunangat in Northern Canada. Established in 2019, Project Atigi celebrates the expertise and the rich heritage of craftsmanship that has enabled Inuit to live in some of the most formidable climates and conditions.

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  • Bloomberg

    Canada Goose’s New Year’s Challenge: Prove Short Traders Wrong

    (Bloomberg) -- Fourteen months after Canada Goose Holdings Inc. Chief Executive Officer Dani Reiss said the company was rising like a “rocket ship,” a growing number of investors are betting its shares are earthbound.Shares have fallen after each of the past four earnings reports, and the stock lost 17% last year. That’s turned the $1,000-parka company into a magnet for short sellers who would profit if the shares decline further.Bulls see the Toronto-based company’s foray into lighter apparel, like sweaters and rain coats, and its entry into new markets as evidence that there’s still plenty of market to tap. Bears, however, worry about inventories piling up, slower sales growth, and unpredictable profit margins. This makes 2020 a key year for Canada Goose. If there’s a time for the company to refresh its image with investors, it’s now.“Canada Goose is still a relatively small brand, with about two thirds of its sales in North America,” Bloomberg Intelligence analyst Maxime Boucher said. “It must use the next few quarters to establish itself as a top global luxury player.”While the company is expanding in Asia and Europe with new flagship stores and country-focused websites, its inventories are swelling --raising questions about whether production is outpacing demand. Canada Goose needs to bring them back to more normal levels soon “to reassure investors that its brand remains hot and suited to a luxury model of limited supply,” Boucher said.The company declined to comment for the story.This is being closely watched by the markets, as evidenced by analysts’ disagreement last month on whether discounts were deepening on Canada Goose parkas. Markdowns are rare for luxury companies that rely on scarcity and cachet to get shoppers to pay full price.‘Completely Different’Canada Goose stock trades at about 25 times estimated annual profit per share. That’s similar to Moncler SpA, a competing high-end ski jacket maker with higher price tags that’s based in Milan. Critics say that valuation is too high.“People seem to think that it’s Moncler 2.0,” said Brian McGough, a managing director at research firm Hedgeye who’s recommended shorting the stock since May. “It’s not. It’s a completely different business model in every way, shape, and form.”McGough said brands like Moncler keep demand high by limiting the supply of merchandise. Canada Goose, in contrast, produces as much as it can and assumes the market will absorb it, which increases the chance that goods will ultimately need to get discounted, he said.A slew of new products, such as $500 hoodies, elevates that risk, according to McGough, who sees outdoor-gear maker Columbia Sportswear Co. as a better-suited comparison for valuation. Columbia trades at about 21 times earnings.Canada Goose U.S.-listed shares have a total of about 15.6 million with short positions -- more than triple the levels at the start of 2019, according to financial analytics firm S3 Partners LLC. That’s more than a quarter of the company’s float, and all together represents about $545 million of its market capitalization, said Ihor Dusaniwsky, S3’s head of predictive analytics.Healthy SalesDespite the rise in investors betting against the shares, Canada Goose’s business remains healthy. The company expects growth of at least 25% for profit and at least 20% for revenue this fiscal year -- an enviable pace in the struggling retail sector. Ten analysts recommend buying the stock, against four hold ratings and one sell.The six-decade-old company with the North Pole crest logo is relying less on wholesalers by selling directly to consumers. Despite protests in Hong Kong, sales in China almost doubled last quarter.“Brand integrity remains intact in our view,” Evercore ISI analysts led by Omar Saad wrote in a note to clients last month, after finding no signs of meaningful discounting on the ground.Mixed MessagesIncreased scrutiny over Canada Goose’s use of coyote-fur trim, and ongoing protests against it, has also weighed on the stock. But part of last year’s drop seems to be a self-inflicted wound that’s related to executives failing to communicate clearly.Canada Goose’s earnings projections, for example, have repeatedly proved to be conservative in the past, leading investors to expect markedly higher numbers. So last May, when fourth-quarter revenue missed analysts’ average estimate for the first time since the company went public in 2017, the stock tumbled 31%.Then in November, shares reversed gains and fell when the company said that wholesale revenue would decline by a percentage “in the mid-teens” in the third quarter -- traditionally the most important period. The company said the drop could be attributed to some orders being fulfilled earlier in the season. At the same time, a 61% jump in inventories exacerbated investors’ concerns.“Demand remains exceptional, but communication leaves our feathers ruffled,” Susquehanna Financial Group analyst Sam Poser wrote in a note to investors at the time. “While management excels as operators, poor communication with the Street is weighing on the stock,” he said.Canada Goose’s Reiss sought to dispel concerns on the November call by noting that the timing of wholesale shipments varies every year and is unrelated to underlying demand. The inventory bump is related to a plan to maximize production efficiency as the company brings more of the manufacturing in-house, he added.Even so, the company’s stock has fallen about 15% since and short positions rose quickly in November.Analysts are hoping for clearer signs going forward.“More visibility on its financial strategy would help,” Bloomberg Intelligence’s Boucher said.\--With assistance from Janet Freund and Joshua Fineman.To contact the reporter on this story: Sandrine Rastello in Montreal at srastello@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, Jonathan Roeder, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Will Canada Goose Reach $60 in 2020?
    The Motley Fool

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    Many things will have to go right for Canada Goose Holdings Inc (TSX:GOOS)(NYSE:GOOS) this year for the stock to turn things around.

  • Microsoft Pushes Cloud Services to Retailers Anxious to Avoid Amazon
    Bloomberg

    Microsoft Pushes Cloud Services to Retailers Anxious to Avoid Amazon

    (Bloomberg) -- Microsoft Corp. is unveiling new cloud tools designed for retail customers, seeking to position itself as an alternative to Amazon.com Inc. and corporate software companies like Slack Technologies Inc. and Salesforce.com Inc.Microsoft is adding a feature to its Slack rival, the Teams corporate chat program, that lets store workers push a button to turn their mobile phones into walkie-talkies for in-store communications. In a speech on Jan. 12 at a retail industry event, Microsoft Chief Executive Officer Satya Nadella plans to discuss how Ikea shifted more than 70,000 workers to Teams, using the service for meetings and chat. The home furnishing giant’s largest store, in Stockholm, also started using a scheduling feature to manage the shifts of 150 restaurant staffers.Ikea is also working with Microsoft to determine if Teams can play a role in its “store of the future” concepts. The Swedish company may put video screens in stores that use Teams to connect customers with kitchen design advisers, said Kenneth Lindegaard, an Ikea vice president. The company plans to have the rest of its 165,000-person workforce on Office 365 cloud software and Teams by the end of spring, although Ikea still has some smaller groups using Slack and Google’s G Suite, he said.  Ikea also uses Microsoft’s Azure and Google Cloud, he said.The retail industry has been one of Microsoft’s most successful as the software maker tries to gain ground in cloud computing against market leader Amazon Web Services and lure more customers to its internet-based Office products. Some retailers are loath to work with e-commerce rival Amazon. Nadella and Google Cloud chief Thomas Kurian are set to speak next week at the annual show of the National Retail Federation, the biggest retail trade group, underscoring how significant the industry is to Amazon’s biggest cloud competitors.  “A key part of our offering is that we partner and we don’t compete,” said Shelley Bransten, the vice president who oversees Microsoft’s work with retailers and consumer goods companies. But there are other benefits to working closely with retailers, she said in an interview. Some of the software products built for retailers will be useful for companies in other industries.For example, the walkie-talkie feature in Teams can help manufacturers, said Emma Williams, a Microsoft vice president who is charged with adding features to Office and Teams for use by customers in health care, retail, manufacturing and finance. Microsoft explained the new features in a blog post Thursday ahead of Nadella’s speech in New York, the CEO’s first appearance at the retail conference.Retail customers are also key to Microsoft’s competition with Salesforce, the leader in cloud-based customer relations software. Microsoft announced the official release of its Dynamics Commerce software for helping retailers manage inventory, scheduling, call centers, e-commerce sites and in-store operations. The company said outerwear maker Canada Goose Holdings Inc. has been using it. Microsoft also provided new details on how some previously announced Azure customers are working with its products. One year ago, Microsoft said Walgreens Boots Alliance Inc. would begin using Azure and deploy Microsoft 365—a collection of software that includes Windows 10, Office cloud services and security and mobile-management software—to the pharmacy giant’s more than 380,000 workers. Now Walgreens will try Microsoft’s HoloLens 2 goggles for worker training and the drugstore chain also is using Microsoft products to anonymously track shoppers’ steps, in order to better plan store layouts. Microsoft is also targeting another lucrative Amazon business — digital advertising for products on retailers’ websites. In August, Microsoft acquired New York-based PromoteIQ, which helps companies like Kroger Co. and Kohl’s Corp. sell ads on their websites to companies who want prime placement for their goods. Nadella will announce Home Depot has also signed up for the service.To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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    Simply Wall St.

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