09:55 AM EDT, 05/16/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month price target of USD12, based on 14.3x our FY 25 (Mar.) EPS estimate and below the company's two-year average forward P/E multiple of 18.5x, reflecting our view of margin compression due to lower growth aspects and slowing brand momentum. We keep our FY 25 EPS estimate of CAD1.15 (USD0.84) and initiate our FY 26 EPS estimate at CAD1.30 (USD0.95). GOOS posted normalized Q4 EPS of CAD0.19 vs. CAD0.14, CAD0.13 above consensus estimates on revenues of CAD358M vs. CAD293M and CAD42M above estimates. By channel in Q4, direct-to-consumer (DTC) revenues increased 19% Y/Y while wholesale revenues declined 9%. Q4 gross margin increased 20 bps Y/Y to 65.1% while SG&A costs rose to CAD210M from CAD173M. GOOS guided for low-single-digit revenue growth and mid-teen growth for adjusted EPS in FY 25. GOOS continues to maintain 70% DTC revenues. We maintain our Hold rating and believe valuation is fair relative to the growth of GOOS.