To suggest Canada Goose Holdings Inc (NYSE:GOOS) merely exceeded expectations in its fiscal fourth-quarter earnings report would be an "understatement," according to Canaccord Genuity.

The Analyst

Canaccord Genuity's Camilo Lyon maintains a Buy rating on Canada Goose's Toronto-listed stock with a price target lifted from C$58 to C$90.

The Thesis

Canada Goose last Friday reported a "stellar" earnings report, which makes it clear the company continues to evolve from merely a product-driven company towards a global lifestyle brand, Lyon said in a note. The earnings also detail how management is starting to leverage the "experiential components" of its retail strategy which is necessary for long-term growth across all regions and categories.

Canada Goose's initial fiscal 2019 guidance of at least 20 percent revenue growth and 25 percent EPS growth appears conservative, the analyst said. The company is not only "firing on all cylinders," but remains the "best retail growth story."

Price Action

Shares of NYSE-listed Canada Goose were trading higher by more than 6 percent Monday and hit a new all-time high of $66.30.

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