Auriga Maintains a 'Hold' on Columbia Sportswear (COLM); Q1 Preview: Warm Weather May Prevail

Auriga maintains a 'Hold' on Columbia Sportswear (NASDAQ: COLM) price target of $48.00.

Analyst, Claire Gallacher, said, "We are maintaining our Q1 EPS estimate of $0.08 ahead of COLM's earnings report, however we do believe the company could beat our estimate given the unseasonably warm spring and strong consumer spending trends in the athletic segment. We believe COLM will guide revenue to increase 2-3% in Q2 and that margin pressure will continue through the first half of the year. Until we have increased visibility with regard to COLM's ability to grow sales 10%+ in 2013, we are maintaining our Hold rating on COLM. Maintaining our $0.08 EPS estimate for Q1. We are maintaining our Q1 EPS estimate of $0.08 ahead of COLM's Q1 earnings report. EPS of $0.08 represents a 78% decline compared with $0.37 reported in the prior year. We believe COLM may report $0.01-0.02 upside to our estimate given the unseasonably warm spring and strong consumer spending in the segment during the past several months."

For an analyst ratings summary and ratings history on Columbia Sportswear click here. For more ratings news on Columbia Sportswear click here.

Shares of Columbia Sportswear closed at $48.42 yesterday.

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