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Investing.com - Williams Trading upgraded Canada Goose (NYSE:GOOS) stock rating from Sell to Hold on Wednesday, doubling its price target to C$20.00 from C$10.00. The upgrade comes as the stock shows strong momentum, gaining nearly 9% in the past week and maintaining impressive gross margins of 70%.
The upgrade follows reports that Bain Capital is exploring a sale of the luxury outerwear company, with initial offers reportedly reaching $1.35 billion (approximately C$1.9 billion).
According to Williams Trading, the reported offers represent approximately 8 times EBITDA and an 18% premium to Tuesday’s closing price.
Private equity firms Boyu Capital and Advent International have reportedly submitted offers for Canada Goose.
Williams Trading noted that Bain Capital appears to be waiting for additional offers before making a final decision on the potential sale.
In other recent news, Canada Goose Holdings reported its first-quarter earnings for 2025, showing significant revenue growth that exceeded expectations, reaching $108 million, which was 63.18% above forecasts. However, the earnings per share (EPS) did not meet projections. Additionally, Canada Goose is reportedly considering a shift in ownership, as CNBC reported that the company has received bids to go private at a valuation of approximately $1.35 billion. Bain Capital, the controlling shareholder, is exploring the sale of its stake, with Goldman Sachs advising on the process.
In analyst updates, Baird upgraded Canada Goose’s stock rating from Neutral to Outperform, citing improved fundamental performance over recent quarters. The firm also raised its price target to C$24.00 from C$18.00. Furthermore, during the company’s annual meeting, all director nominees were elected with strong shareholder support. These developments reflect ongoing changes and strategic decisions being made by Canada Goose Holdings.
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