March 19, 2017 / 7:11 PM / 8 months ago

Canada Goose shares could fall -Barron's

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below