$GOOS

Canada Goose CEO Dani Reiss invested $1M in 100,000 shares at $10.623 each, initiating a position. Tourmaline Oil CEO Mike Rose bought 5,000 shares at $61.4548, increasing his holdings. Canada Nickel's VP sold 114,456 shares at ~$1.44, and Rogers Sugar's CEO exercised and sold 202,500 shares at ~$6.85.

Baird downgraded Nike, adidas, Dick's Sporting Goods, Rocky Brands, and VF Corp to Neutral, adding bearish 'fresh picks' on Under Armour and Canada Goose. Analyst Jonathan Komp cited rising Q4 risks, including higher oil prices, interest rates, and consumer spending concerns. He noted that apparel stocks have underperformed the S&P 500 this year, and trimmed his Outperform list to high-conviction ideas.

Canada Goose CEO Dani Reiss purchased 100,000 subordinate voting shares. The company's stock has seen a 5-day change of 10.54 CAD, a 1st Jan change of +0.29%, and a year-to-date decline of -40.75%. Reiss holds multiple executive roles and board positions.

Harvey Nichols' suppliers may recover less than 15p per pound, with unsecured creditors owed £270.5M. Frasers Group acquired the luxury retailer through a pre-pack administration, preserving jobs but leaving suppliers like Victoria Beckham and Jimmy Choo with significant losses. Frasers aims to revitalize Harvey Nichols, despite concerns from brand partners.

Wells Fargo analyst Ike Boruchow downgraded Canada Goose to underweight, citing warm weather, European weakness, and U.S.-Canada trade issues. He cut the price target to $10 from $16. Over a third of analysts now recommend selling shares. The stock is down 37% this year, with 88% drop from its 2018 peak, reflecting disappointing earnings and concerns about year-round business prospects.

Canada Goose (GOOS) shares fell 5.3% after Wells Fargo downgraded it to Underweight due to a new 50% U.S. tariff on Canadian apparel imports. The tariff's impact on GOOS's margins depends on its ability to pass costs to consumers. GOOS generated C$385.1 million (25.2% of total revenue) in the U.S. in fiscal 2026, with most goods manufactured in Canada. The company's direct-to-consumer model and luxury pricing may help mitigate the tariff's effects, but U.S. revenue declined 19% YoY in Q1 2027.

Analysts made several ratings changes: UBS upgraded Celestica to Buy with a $430 target, citing AI-driven demand. Citi initiated Reformation as Buy with a $20 target. Morgan Stanley initiated Jersey Mike's and ArcelorMittal as Overweight. Baird upgraded Darden to Outperform and downgraded Chipotle to Neutral. Other notable moves include upgrades for Suzano, Ionic Digital, and Fortune Brands, while Canada Goose was downgraded.

Canada Goose (GOOS) shares fell 5.5% in pre-market trading after Wells Fargo downgraded the stock to 'underweight' with a C$10.00 price target, citing structural concerns. The stock has faced pressure from multiple analyst downgrades and potential U.S. tariffs on Canadian apparel. The broader market's decline also contributed to the drop, with GOOS trading near its 52-week low of $8.42.

Canada faces potential 50% tariffs on $20B of U.S.-bound goods, including electronics, furniture, and alcohol, if no deal is reached. RBC and Capital Economics estimate GDP impact at 0.4-0.6%. Affected industries include apparel, electrical equipment, and dairy. Canada Goose (GOOS-T) and Kruger Products (KPT-T) are among companies potentially impacted. Quebec, B.C., and Ontario would be hardest hit. Canada may retaliate with countertariffs.

Updated at 4:24 p.m. July 30. Canada Goose increased revenues and reduced losses last quarter, a sign the company’s multiyear drive to widen its luxury assortment and tighten cost controls is working. For the first quarter ended June 28, total revenue increased 10.3 percent to $118.9 million from $107.8 million, up 8.6 percent on a constant currency basis. All figures are expressed in Canadian dollars, except for per share prices, which are in U.S. dollars.