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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (59749)	8/7/2019 8:59:32 AM
From: Goose94	Read Replies (1) \| Respond to of 203761

Canada Goose Holdings (GOOS-T) DA Davidson analyst John Morris says the pullback in Canada Goose Holdings is "overdone," creating a buying opportunity. Mr. Morris continues to rate the shares "buy," with a $42 (U.S.) share target. Analysts on average target the shares at $51.07 (U.S.). Mr. Morris says in a note: "We believe the Street is not fully recognizing that the company is likely buying into demand by ramping up in-house production. ... During the company's 4Q earnings call held this past May, investors voiced concerns over GOOS's inventory growth, which was up 62 per cent over last year. As a reminder, we expect GOOS's inventory to continue to be elevated in the upcoming 1Q report, since we are still well-ahead of the peak selling season. Management stated their plan is to build inventory ahead of their peak selling season and more extensively given their growing status as a manufacturer, wholesaler, and retailer, coupled with the planned global expansion. We would point out that GOOS still delivered a better-than-expected gross margin last quarter without threatening to accelerate markdowns."