Key Highlights
- Scheer Rowlett & Associates Investment Management Ltd. increased its stake in Canada Goose by 2.7% in Q2.
- The company reported a quarterly earnings miss with EPS of ($0.10) vs. consensus ($0.04).
- Analysts have mixed views on the stock, with a consensus rating of “Hold” and an average price target of $15.33.
- Institutional ownership remains high at 83.64% as of the company’s latest SEC filing.
Canada Goose Holdings Inc.: Institutional Investor Activity
Scheer Rowlett & Associates Investment Management Ltd., a significant player in institutional investing, recently bolstered its stake in Canada Goose Holdings Inc. (NYSE: GOOS) by 2.7% during the second quarter of 2025. This move is part of broader trends seen among hedge funds and other institutional investors who have also increased their holdings or maintained positions in the company.
New Holdings and Increases
Public Employees Retirement System of Ohio, TD Asset Management Inc., Mackenzie Financial Corp., Versor Investments LP, and Charles Schwab Investment Management Inc. are among the notable institutions that have adjusted their portfolios, with each adding to its stake in Canada Goose.
Earnings Miss: Analysts React
Despite the positive investor activity, recent earnings data revealed a disappointing performance for Canada Goose Holdings Inc. The company reported an EPS of ($0.10) for the quarter, significantly missing analysts’ consensus estimate of ($0.04). Additionally, revenue came in at $195.63 million, 1.8% lower than the expected figure of $274.05 million. However, year-over-year revenue growth was still recorded at 1.8%, indicating a modest improvement.
Analyst Ratings and Price Targets
The mixed reaction from Wall Street analysts is noteworthy. Analysts have issued various ratings ranging from “Strong Buy” to “Sell,” with an average price target of $15.33. Baird R W has shifted its rating on the stock, raising it to a “strong-buy,” while other firms like Evercore ISI and Barclays have lowered their targets or maintained negative outlooks.
Industry Context and Future Implications
The broader retail sector is under scrutiny with the ongoing impact of economic uncertainty. Canada Goose, as a premium outerwear brand, faces challenges in maintaining its market position against competition from both domestic and international players. The company’s strategy to diversify through direct-to-consumer channels and wholesale partnerships remains key.
Given the high institutional ownership (83.64%) and the mixed analyst sentiment, investors may be cautious about entering positions at current levels. Analysts recommend close monitoring of future earnings reports and market trends as Canada Goose navigates a challenging retail landscape.
