Canadian Geese Quarterly Revenue Is Not Up To The Expected Target Price Has Been Reduced By Many Investment Banks.

Canadian geese (GOOS.US) fell sharply by nearly 31% in Wednesday's trading, the largest single percentage decline since its debut in March 2017 (initial public offering) in 2017.

On Thursday, the BAC.US issued a study that downgraded the company's stock rating from "Buy" to "Neutral".

Analysts at Bank of America worry that the growth momentum of the company's direct selling to consumers for winter jackets and accessories business is slowing, suggesting that the company is facing the risk of market saturation.

Based on this, analysts lowered the company's target share price from 93 Canadian dollars to 54 Canadian dollars.

Meanwhile, analysts at Bank of America hold an optimistic view of the company's prospects in the Chinese market.

"We believe that the main risk for our" neutral "rating for Canadian geese stocks is that the company's expansion in the Chinese market continues to exceed expectations.

Bank of America analysts headed by Robert O Helms (Robert Ohmes) wrote in a research report.

"China is the world's largest luxury market, and Canada geese is in the early stage of growth. The company opened two stores in the third quarter of fiscal year 2019 (in Beijing and Hongkong respectively), and Tmall's e-commerce business opened in the financial season, and plans to open three stores in the 2020 fiscal year."

Canadian goose's earnings report showed that the company's fourth quarter sales did not meet Wall Street analysts' expectations, resulting in a sharp decline in the stock.

Analysts at Susquehanna Financial Group suggest that investors should buy this stock at bargain prices, according to analysts at Financial.

The SARS Hanna financial group rated the canadian goose stock as "positive", but at the same time lowered its target price from 98 Canadian dollars to 88 Canadian dollars.

"Our survey shows that the demand for geese products in Canada has not diminished."

Sam Poser financial group analyst headed by Sam Poser wrote in a research report.

"Fourth quarter revenue growth and 2020 fiscal year performance guidelines are disappointing, but this is probably due to Canada goose's decision to ensure that its brand can grow under controlled conditions."

Analysts in SARS Hanna financial group say that demand for geese products in Canada is still significantly higher than supply, which is also beneficial to the brand.

Analysts point out that Canadian goose is investing in products, new stores and other business areas all over the world, which will enable the company to take up revenue and profit growth in the future.

Analysts also expect canadian goose performance to easily exceed the company's initial 2020 financial year performance guidelines, but it may not be able to exceed the guidelines in 2019.

For the current fiscal year, Canadian geese predict that their revenues will grow by at least 20% compared with the previous fiscal year of 614 million Canadian dollars, and the adjusted EPS will increase by 25% compared with the 1.01 Canadian dollar in the previous fiscal year.

In addition, Instinet is also optimistic about the Canadian geese, but not as optimistic as the Sloan Hanna financial group.

"It is undeniable that the brand of Canadian geese is very exciting, and we expect that the momentum of a substantial increase in sales will continue."

Seagal, an analyst at Simeon Siegel, wrote in a research report.

"Nevertheless, the strong profit growth in the fourth quarter will be overshadowed by a slowdown in sales growth.

Since the listing of IPO (initial public offering), Canadian geese's revenues have not reached Wall Street analysts' average expectations for the first time.

Analysts at polar news believe that the new stores will bring growth to Canadian geese, but revenue growth will be "less robust".

The company's analysts also look at the prospect of canadian goose in China, calling its international market a "bright spot".

Polar news set Canada goose's stock rating as "neutral", but at the same time lowered its target price from 63 Canadian dollars to 50 Canadian dollars.

Canadian goose shares rebounded 4.57% on Thursday, but so far this year has fallen by about 20%.

In the same period, the S & P 500 index rose 11.6%, and the Dow Jones industrial average rose 8%.