|Bid||52.82 x 800|
|Ask||52.86 x 800|
|Day's Range||49.71 - 52.94|
|52 Week Range||30.50 - 72.27|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||77.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.90|
Canadian apparel maker Canada Goose Holdings Inc (NYSE: GOOS) reported Thursday morning with fiscal third-quarter results that prompted a sell-off in the stock despite a beat-and-raise print. TD Securities' Meaghen Annett maintains a Buy rating on Canada Goose with a CA $84 price ($63.28) target on the Toronto-listed equity. D.A. Davidson's John Morris maintains at Buy, unchanged $74 price target.
Canada Goose earnings and sales topped views in the holiday quarter. But gross margins fell for the premium parka maker. Canada Goose stock fell sharply.
The stock was up 4.75% to $62 a share in premarket trading, and then fell 12.94% to $51.53 a share by the market's close. Adjusted earnings per share for the fiscal third quarter came in at 96 cents, beating analysts' estimates of 81 cents. Revenue was $300.83 million, beating Wall Street expectations of $270 million.
Shares of Canada Goose (GOOS) plummeted over 13% through mid-afternoon trading Thursday, despite posting better-than-projected quarterly financial results. Therefore, the downturn might have been caused by broader retail worries.
1. Goose has such a great brand it's able to open direct-to-consumer (DTC) stores, as well as its own website. Operating margins are also very high in the DTC segment. 3. In North America, sales and earnings growth rate is expanding.
Stocks looked set for more gains in pre-market trading before opening lower on weaker-than-expected retail sales. Stocks recovered their losses by midday trading, as bears weren't able to crack the markets too badly. That sets us up for a few must-see stock trades going into Friday. Coca-Cola (KO)Coca-Cola (NYSE:KO) is having a pretty rough day, especially as its investors aren't too accustomed to 7.5% one-day pullbacks. After in-line earnings results and a beat on revenue, management provided a cautious outlook that sent shares reeling.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's hard to deny that $50 was clearly resistance in this name, but there could be some debate about support. Some will say KO has already dropped through it at $46.50. Others will say support still rests down at $46. Within 50 cents of each other and I say it's a wash. * The 10 Best ETFs You Can Buy Notably, we also have the 200-day nearby at $45.62. Those who want to take a stab at Coca-Cola stock should keep these levels in mind. A close below the 200-day and traders may want to rethink their position. Keep in mind, PepsiCo (NYSE:PEP) reports earnings on Friday before the open. CyberArk (CYBR)Acting as the complete opposite, CyberArk (NASDAQ:CYBR) is soaring on the day after a very impressive earnings report. Shares are up 20% as a result (and good call Will Healy).Now investors are wondering where it can rally to. Short of a market-wide breakdown, CYBR has room above $110, with trend resistance still a little ways above current levels.On the downside, should CYBR pullback, look to see if it can stay over Thursday's low. If it can't, see how it handles uptrend support (purple line). Canada Goose (GOOS)Canada Goose (NYSE:GOOS) hammered earnings, and that's putting it lightly. Revenue of ~$400 million grew 50% year-over-year and smashed estimates by more than $130 million. Guidance was solid too.Despite all this, shares are down about 11%. Shares are now technically below the 200-day, but have the 21-day and 50-day moving averages just below current levels. Further, its got short-term uptrend support nearby too.Those who feel this is the wrong reaction and/or an overreaction to what were truly great results may consider this a buying opportunity. Below $50 and a drop down to $46 to $47 isn't out of the question, and possibly further. * 7 Best of the Best Fidelity Funds to Buy Conservative traders who don't mind buying even though we're heading into the spring and summer seasons instead of the fall and winter seasons may consider waiting a few days to see if buyers step in first. S&P 500 ETF (SPY)The SPDR S&P 500 ETF (NYSEARCA:SPY) is one we should look at now given how well the market has done since the December lows. A lot of investors were focused on possible downtrend resistance (blue line), but I didn't like that look.Why? Because it feels cherry picked and felt forced on the charts to justify a negative view. Plus, it's an inaccurate trend, but I digress. Instead, I continue to focus on the $280 level, a mark that SPY failed at three times in October, November and December. If we get there in a relatively quick amount of time, it will also likely push the RSI (green circle) into overbought territory.A rally to this level would be my ideal scenario and give investors a solid risk/reward for some profit taking and/or possible shorting opportunities. The exception is if we get there via a trade deal with China. If that happens, $280 may prove to be feeble resistance. CenturyLink (CTL)Not that it was surprisingly with a near-15% yield, but CenturyLink (NYSE:CTL) stock is getting pummeled on Thursday after axing its dividend to $1 a share from $2.16. Shares are down about 12% in response, but according to the charts, they could have further room to fall.The downtrend (blue line) told investors all they needed to know leading up to this gut-punch. Now below $14 and shares are in no man's land until $12. Maybe buyers will step in near $12.50, but there seems to be little reason to hop on board into such a route. * 7 Reasons Stock Buybacks Should Be Illegal Let CTL wash out and let's see if $12 holds. Below and it's really in trouble.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 5 Must-See Stock Trades for Friday, Including Coca-Cola appeared first on InvestorPlace.
Consumer stocks, particularly those levered to staples or durable goods, offer tremendous appeal during uncertain times. In other cases, companies within the sector that have a more cyclical nature can advantage hot streaks in the markets. Invariably, though, it pays to cash out while the going is good.Indeed, some indicators suggest that trimming exposure to recently labeled hot stocks is a wise move. For one thing, the broader markets have had trouble sustaining earlier momentum. As an example, the Dow Jones Industrial Average gained more than 8% in January. But so far this month, the index increased by only 2%, well off-pace.Another factor to consider when determining the best course of action for consumer stocks is consumer sentiment. During the last government shutdown, Americans' expectations regarding the economy took a dive. And while a solution to the issue appears on the horizon, it may take time for affected workers to recover.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven if Washington steadies the boat, the country nears a crisis point. Despite the current administration's many promises to the contrary, the national debt spiked to $22 trillion. Current fiscal and tax-related policies, if they remain in place, could worsen the situation. This might play into consumer stocks longer-term.Of course, you still want exposure to a basket of steady, reliable names in your portfolio. But simultaneously, now is an ideal time to consider profiting from a few hot stocks. * The 10 Best ETFs You Can Buy Here are five consumer investments to cash out of:Source: Shutterstock Estee Lauder (EL)Among consumer stocks, cosmetics companies like Estee Lauder (NYSE:EL) indirectly offer both discretionary and staples exposure. While beauty products are inherently luxury items, various sociological studies indicate that beauty has an economic value. As a result, EL stock offers viability, even in difficult markets.But thanks to its recent surge, shares are now up 19.5% on a year-to-date basis. Certainly, a justification exists for why EL stock trades at a premium. Most notably, the cosmetics firm handily beat consensus estimates for earnings-per-share during its second-quarter 2019 report.However, hot stocks can sometimes get a little too toasty. For all its fundamental strengths, Estee Lauder shares have turned incredibly choppy over the past year. It has also incurred difficulty maintaining its bullish streaks. If you got in early, you may want to strike while the iron is hot.Source: slgckgc via Flickr (Modified) Church & Dwight (CHD)I'll freely admit that as an investor, I tend to lean toward the spicier end of the scale. That said, when you face uncertainty in the benchmark indices, it pays to buy boring consumer stocks. Within this category, I don't think you can get any more boring than Church & Dwight (NYSE:CHD).By no means am I trashing CHD stock. Over the past several years, Church & Dwight has navigated tough market conditions for safety-seeking shareholders. The company's core of essential goods, such as Arm & Hammer and Oxi Clean, ensure relevancy longer-term. Plus, CHD features rising revenues and a history of positive earnings. * 10 'Buy-and-Hold' Stocks to Own Forever On the flipside, an investment can get too boring. At least partially, this is what plagues CHD stock currently. Since peaking near mid-December of last year, shares have had trouble moving the needle. Again, if you got in earlier, you may want to take some off the table.Source: Shutterstock Ollie's Bargain Outlet (OLLI)During the tumultuous years following the Great Recession, several consumer stocks had an unfortunately recurring problem: convincing consumers to consume. But within this malaise, Ollie's Bargain Outlet (NASDAQ:OLLI) went decisively against the grain. Over the last three-and-a-half years, OLLI stock jumped well over 330%.What's the secret to their runaway success? I wrote in the summer of 2017 that Ollie's operated on a "keep-it-simple" strategy. Unlike dollar stores, the discounter retailer focuses on brand-name goods. Essentially, they sell quality products at low prices: it's really hard to screw this strategy up!Indeed, I felt that OLLI stock could weather market storms far better than its peers. Despite some scary moments, I was proven correct on a net basis. At the same time, I don't want to push my luck. Because OLLI doesn't pay a dividend, it relies purely on capital gains.At this juncture, I'd probably cash out, and wait for a reset.Source: Mike Mozart via Flickr (Modified) Five Below (FIVE)If you didn't know any better, you might think that Five Below (NASDAQ:FIVE) references cold-weather attire. It doesn't. In fact, FIVE stock is one of the hottest among recently celebrated hot stocks. Not to belabor the reference, but over the trailing five-year period, shares have gained a whopping 259%.Like Ollie's, the retailer runs a very simple, but effective strategy: selling quality goods at attractive prices. But what separates FIVE stock from other discount stores is that they specifically cater to youth. Management also understands their audience. Leveraging social media, Five Below markets their products in a manner that's relevant and age-appropriate. * 7 Reasons to Own Coca-Cola Stock More importantly, the company's efforts have delivered impressive fiscal results. Given its 30% YTD performance, FIVE stock is still going strong. Nevertheless, it hasn't convincingly challenged upside resistance at $133. This might be a signal to cash out and wait for a better re-entry point.Source: Shutterstock Canada Goose (GOOS)Thanks to the record-breaking cold weather that has recently impacted several countries, Canada Goose's (NYSE:GOOS) profile skyrocketed. Renowned for their ultra-warm outerwear that both comfort and protect, Canada Goose is one of those consumer stocks that you'd think is a no-brainer.But a cursory look at the one-year chart for GOOS stock tells a different story. Since early summer of last year, shares have gyrated wildly, but with a decidedly bearish tilt. Although the brand has multiple tailwinds - including positive engagement with Chinese customers despite the trade war - investors have shied away from its trouble spots.For one thing, the company has driven up its expenses and overhead to feed its expansion efforts. Also, GOOS stock is liable to PR concerns. Primarily, animal-rights activists accuse the apparel maker for disturbing slaughtering practices. That, and the fact that GOOS doesn't pay a dividend may not sit well with prospective buyers.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 5 Consumer Stocks to Cash Out Of appeared first on InvestorPlace.
Luxury coat maker Canada Goose said higher labor costs in Ontario and investments to expand overseas hit profit margins in the third quarter, driving its shares down 9 percent on Thursday. Profit margins at the company's direct-to-consumer business, which includes online stores and company-owned retail outlets, were 76.1 percent, compared with 76.5 percent a year earlier. At its wholesale unit, margins fell to about 48 percent from 51 percent.
Canada Goose stock was taking a beating on Thursday following the release of its earnings report for its fiscal third quarter of 2019.Canada Goose (NYSE:GOOS) reported earnings per share of 96 cents for its fiscal third quarter of the year. This is an increase over the company's earnings per share of 58 cents from the same time last year. It also beat out Wall Street's earnings per share estimate of 81 cents for the quarter, but Canada Goose stock is still down today.The earnings report from Canada Goose for its fiscal third quarter of 2019 also includes net income of C$103.40 million. This is better than its net income of C$63.00 million reported in its fiscal third quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported by Canada Goose for its fiscal third quarter of the year comes in at C$139.90 million. The Canadian clothing company reported operating income of C$89.90 million in the same period of the year prior.Canada Goose also reported revenue of C$399.30 million for its fiscal third quarter of 2019. This is up from its revenue of C$265.90 million reported in its fiscal third quarter of the previous year. It also comes in above analysts' revenue estimate of C$359.70 million for the period, but Canada Goose stock is still down. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Canada Goose stock is down despite a strong earnings beat for its fiscal fourth quarter of 2019, but why? It may be a high amount of trading on the positive earnings report that has shares of Canada Goose stock falling today.GOOS stock was down 8% as of Thursday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Why Canada Goose Stock Is Sliding Today appeared first on InvestorPlace.
TORONTO (AP) -- Canada Goose Holdings Inc. (GOOS) on Thursday reported fiscal third-quarter profit of just over $78 million. The Toronto-based company said it had profit of 70 cents per share. Earnings, ...
Investing.com - Canada Goose shares plunged midday Thursday, despite blowout earnings, leaving Wall Street watchers a bit puzzled as to why this high-flying stock was shot down.
Shares of Canada Goose jumped 3 percent in premarket trading after the winter clothing manufacturer reported earnings that beat Wall Street's expectations. The Toronto-based company reported third-quarter earnings of 96 cents Canadian per share, versus 82 cents Canadian per share analysts expected. Canada Goose posted CA$399.3 million in revenue.
Canada Goose (GOOS) delivered earnings and revenue surprises of 25.86% and 16.23%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Canada Goose Holdings Inc. shares rose 6.9$% in premarket trade Thursday, after the maker of luxury winter clothing beat estimates for its fiscal third quarter and raised guidance. The Toronto-based company said it had net income of C$105.3 million ($79.4 million), or 93 cents a share, up from C$61.3 million, or 56 cents a share, in the year-earlier period. Adjusted per-share earnings came to 96 cents, well ahead of the 81 cents FactSet consensus. revenue rose 50.2% to C$399.3 million, also ahead of the FactSet consensus of C$359.7 million. The company raised its guidance for fiscal 2019, and now expects revenue growth in the mid-to-high thirties on a percentage basis, up from a prior forecast of up 30%. It expects adjusted EPS in the mid to high forties on a percentage basis, up from at least 40%. Separately, the company announced plans for a second factory in Quebec that will employ 650 workers when it reaches full capacity at the end of 2020. Shares have gained about 70% in the last 12 months, while the S&P 500 has gained 2%.
Luxury coat maker Canada Goose Holdings Inc's quarterly profit surged 64 percent, bolstered by growth at its direct-to-consumer operations that include online stores and company-owned retail outlets. The ...
TORONTO, Feb. 14, 2019 /PRNewswire/ - Canada Goose (NYSE/TSX: GOOS) today announced that it will open its second factory in Québec and eighth wholly-owned manufacturing facility in Canada, a testament to its continued commitment to keep production of its core down-filled jackets in Canada. This new production facility follows shortly after the company's successful opening of its manufacturing facility in Boisbriand, Québec in 2017 which today is home to more than 500 new employees. The factory will be equipped with the latest in wireless manufacturing technology driving increased real-time efficiency and each sewer will have a tablet for digital guidance on operational execution.
T. Rowe Price has cut down its stake in Tesla Inc. to 5.2%, or 8.977 million shares, according to a filing Monday. The institutional investor held a 10.1% stake, or 17.38 million shares, at the end of September, the latest reporting period, according to FactSet. T. Rowe Price also tweaked higher its stake in Tapestry Inc. , formerly Coach, to 10% from 9.9%, and lowered its stake in Canada Goose Holdings Inc. to 10.2% from 12.4%, among other changes. Tesla shares rose 3.3% in midday trading Monday and are 1.8% higher in the past 12 months, which compares with gains of 3.5% for the S&P 500 index.
Canada Goose stock fumbles despite a better-than-expected earnings report. What has investors weary? Yahoo Finance's Brian Sozzi and Jackie DeAngelis discuss.