Research Alert: CFRA Maintains Buy Opinion On Shares Of Canada Goose; Raises Price Target

CFRA maintains a Buy opinion on Canada Goose shares, raising the 12-month price target by CAD4 to CAD20, reflecting improving fundamentals and strong positioning in the luxury market. FY 26 and FY 27 EPS estimates remain at CAD1.10 and CAD1.15. In FQ2, normalized EPS was -CAD0.14, with revenues of CAD273M. Direct-to-Consumer revenues rose 21.8% to CAD127M, while Wholesale revenues fell 1.0% to CAD136M. Gross margin improved to 62.4%, but SG&A expenses increased due to labor and marketing costs.