Canada Goose Holdings Inc. /zigman2/quotes/206091526/composite GOOS +0.64% stock is down 13% in Wednesday trading despite reporting earnings and sales that beat expectations. The outwear company didn't raise its guidance, Wells Fargo analysts note, which raises concerns about near-term performance. "Notably, management explained that the meaningful top-line upside in wholesale was entirely a timing factor," analysts wrote. "Also, direct-to-consumer is expected to face headwinds across the channel due to tough compares in Canada ([the anniversary of] its Montreal and Vancouver store roll outs, two top-performing locations) while Asia will face pressure from both ongoing protests in Hong Kong and lapping its e-commerce platform rollout." Wells Fargo maintains Canada Goose's market perform stock rating until it has more confidence about the wholesale business, though analysts say it is showing strong growth and the ability to further expand internationally. Wells Fargo lowered its price target to C$50 from C$55. Canada Goose shares have lost 42% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.02% is up 13.7% for the period.