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

CFRA maintains a Hold opinion on Canada Goose shares, raising the 12-month price target by CAD4 to CAD20, reflecting improving fundamentals. The company reported a normalized FQ2 EPS of -CAD0.14, missing estimates, with revenues of CAD273M. Direct-to-Consumer revenues rose 21.8% year-over-year, while Wholesale revenues fell 1.0%. Gross margin improved to 62.4%, but SG&A expenses increased due to labor costs and marketing for new store openings.