Barclays Downgrades Canada Goose (GOOS) to Underweight

Barclays analyst Adrienne Yih downgraded Canada Goose (NYSE: GOOS) from Equalweight to Underweight with a price target of $10.00 (from $12.00).

The analyst comments: "GOOS is in the midst of a strategic reset, pressured by high fixed-cost stores and SG&A despite the company's success in growing sales and plans to turn the business. We are downgrading shares of GOOS to Underweight from Equal Weight, as we expect shares to trade rangebound. We expect GOOS to lag our Positive view of broader retail due to structural and transitory challenges: 1) brand resonance challenged as competition intensifies; 2) DTC execution and related margin pressure; 3) seasonality and still-narrow product mix; 4) lack of guidance limiting visibility; and 5) Saks Global exposure with uncertain impact in the near-term. In our view, the combination of these issues will lead to continued volatile and inconsistent results. We expect top-line gains and inventory and promotional discipline to be overshadowed by fixed-costs pressuring margins, despite aggressive actions to reset their cost structure in FY27. Note, our UW rating of GOOS is relative to our sector. We remain Positive on the industry and believe there are higher-returning stocks in our coverage universe. The company's guidance for FY26 remains withdrawn, with expectations for more color on FY27 on their FY4Q26 earnings call. On 02/05/26, GOOS shares closed -19% vs. S&P500 -1%."

For an analyst ratings summary and ratings history on Canada Goose click here. For more ratings news on Canada Goose click here.

Shares of Canada Goose closed at $10.65 yesterday.

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