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    GOOS   CA1350861060

CANADA GOOSE HOLDINGS INC.

(GOOS)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-03-28 pm EDT
24.50 CAD   -0.53%
03/19Canada Goose Holdings Inc.(TSX:GOOS) added to S&P Global BMI Index
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03/19Canada Goose Holdings Inc.(NYSE:GOOS) dropped from S&P Global BMI Index
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03/15Nike to stop using kangaroo skins for its shoes
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toronto market dips for second day as Canada Goose slumps

02/02/2023 | 04:39pm EDT

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TSX ends down 10.61 points, or 0.1%, at 20,740.44

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Energy falls 2.8%; oil settles 0.7% lower

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Canada Goose tumbles 23.7%

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Technology rallies 2.2%

Feb 2 (Reuters) - Canada's main stock index edged lower on Thursday as losses in commodity-linked stocks offset gains in technology, while Canada Goose's shares crumbled after the luxury goods maker cut its full-year forecast.

The Toronto Stock Exchange's S&P/TSX composite index ended down 10.61 points, or 0.1%, at 20,740.44. It was the index's second straight day of modest losses after posting on Tuesday its highest closing level in nearly eight months.

"We wouldn't be surprised to see some back and fill of overbought levels but we are constructive intermediate term," said Joseph Abramson, co-chief investment officer at Northland Wealth Management.

"I think you've seen the peak of the valuation compression because we think that interest rate expectations have peaked both in Canada and the U.S."

Global central banks that raced to raise interest rates last year amid soaring inflation are now laying the groundwork in unison for a pause that, while not yet promised, is coming into view for later this year.

The Bank of Canada has already signaled a pause, after it hiked its benchmark interest rate last week to a 15-year high of 4.50%.

"Earnings are going to be weak for a little while but most of that has been discounted," Abramson said.

The energy sector fell 2.8% as oil futures settled 0.7% lower at $75.88 a barrel, while the materials group, which includes precious and base metals miners and fertilizer companies, was down 1.9%.

Shares of Canada Goose Holdings Inc tumbled 23.7%. The company trimmed its full-year revenue and profit forecasts after COVID-19 disruptions weighed on sales of its parkas and jackets in China during the third quarter.

The technology sector helped cap the TSX's decline. It ended 2.2% higher, adding to its recent gains.

Industrials were also a bright spot, rising 1%, and heavily-weighted financials were up 0.6%. (Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru; Editing by Marguerita Choy and Shailesh Kuber)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.48% 78.17 Delayed Quote.-12.79%
CANADA GOOSE HOLDINGS INC. -0.53% 24.5 Delayed Quote.2.28%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.42% 0.73536 Delayed Quote.-1.32%
S&P/TSX COMPOSITE INDEX 0.17% 19657.53 Delayed Quote.0.60%
US DOLLAR / CANADIAN DOLLAR (USD/CAD) -0.42% 1.35977 Delayed Quote.1.42%
WTI 0.38% 73.358 Delayed Quote.-13.49%
All news about CANADA GOOSE HOLDINGS INC.
03/19Canada Goose Holdings Inc.(TSX:GOOS) added to S&P Global ..
CI
03/19Canada Goose Holdings Inc.(NYSE:GOOS) dropped from S&P G..
CI
03/15Nike to stop using kangaroo skins for its shoes
RE
03/15Nike to stop using kangaroo skins for its shoes
RE
03/14Nike to drop use of kangaroo skins for its shoes in 2023
RE
02/17Canada Goose Shares Drop After Evercore ISI Downgrade
MT
02/17Evercore ISI Downgrades Canada Goose to In Line From Outperform, Adjusts Price Target t..
MT
02/08UBS Adjusts Canada Goose Holdings Price Target to $23 From $22, Maintains Neutral Ratin..
MT
02/08Credit Suisse Raises Canada Goose Holdings' Price Target to CA$36 From CA$30, Keeps Out..
MT
02/07Most actively traded companies on the Toronto Stock Exchange
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Analyst Recommendations on CANADA GOOSE HOLDINGS INC.
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Financials
Sales 2023 1 183 M 868 M 868 M
Net income 2023 85,1 M 62,5 M 62,5 M
Net Debt 2023 298 M 219 M 219 M
P/E ratio 2023 30,5x
Yield 2023 -
Capitalization 2 575 M 1 891 M 1 891 M
EV / Sales 2023 2,43x
EV / Sales 2024 2,08x
Nbr of Employees 4 353
Free-Float 50,7%
Chart CANADA GOOSE HOLDINGS INC.
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Canada Goose Holdings Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CANADA GOOSE HOLDINGS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 24,63 CAD
Average target price 29,27 CAD
Spread / Average Target 18,8%
EPS Revisions
Managers and Directors
Dani Reiss Chairman & Chief Executive Officer
Carrie Baker President
Jonathan Stuart Sinclair Chief Financial Officer & Executive Vice President
John Moran COO, EVP-Manufacturing & Supply Chain
Stephen K. Gunn Independent Director
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