GOOS Should I Buy
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Canada Goose Holdings Inc (GOOS) is not a strong buy at the moment for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The technical indicators show bearish trends, options data indicates weak sentiment, and analysts have downgraded the stock with reduced price targets. While revenue growth was positive in the latest quarter, declining net income, EPS, and gross margin highlight profitability challenges. There are no significant positive catalysts or clear near-term drivers to suggest a turnaround.
The technical indicators for GOOS are bearish. The MACD is negative and contracting, RSI is neutral at 48.235, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading below key pivot levels, with support at 10.655 and resistance at 13.058.
Kessler Investment Group recently acquired shares of GOOS, increasing its holdings, which could indicate institutional confidence. Revenue increased by 14.25% YoY in the latest quarter.
Hedge funds are selling heavily, with a 306,311.76% increase in selling activity over the last quarter. Analysts have downgraded the stock with reduced price targets, citing profitability challenges and lack of visibility on profit drivers. The company missed earnings expectations in Q3, and gross margin, net income, and EPS all declined YoY.
In Q3 2026, revenue increased by 14.25% YoY to $694.5 million. However, net income dropped by 3.51% YoY to $134.8 million, EPS declined by 4.23% YoY to 1.36, and gross margin fell slightly to 73.98%, down 0.50% YoY. These results highlight growth in revenue but challenges in profitability.
Analysts have a negative outlook on GOOS. Recent downgrades include Barclays lowering its rating to Underweight with a price target of $10, Evercore ISI reducing its price target to $11, and Baird downgrading the stock to Neutral with a reduced price target of C$16. Analysts cite margin headwinds, cost issues, and lack of visibility on profit drivers as key concerns.
