NEW YORK, March 19 (Reuters) - The stock of cold-weather apparel company Canada Goose Holdings Inc. looks over-valued, Barron’s said in an article on Sunday.
The company, which recently went public, suffers from what the business and investing publication called “fashion risk.”
“The nature of faddish fashions -- and Canada Goose -- is that the coats’ cachet isn’t likely to last,” Barron’s wrote. “The company might have a strong 2017, but its stock discounts many years of success -- and not much risk.”
The article did not specify a price target. The stock now trades around $17 a share.
A request for comment emailed to Canada Goose on Sunday was not immediately returned. (Reporting by Lawrence Delevingne; Editing by Sandra Maler)