Low Visibility at Columbia Sportswear (COLM) Keeps Some Analysts on Sidelines
Following up on the company’s Q3 earnings report, Canaccord Genuity maintained a Hold rating on Columbia Sportswear (NASDAQ: COLM) with price target of $50.00
While EPS beat estimates ($1.88 vs. 1.65 expected), the positive results were offset by lower Q4 guidance. Cannaccord now expects Q4 EPS of $1.27 vs. $1.45 previously.
“While we are impressed by COLM's management of the business during a host of challenges (e.g., macro and weather), we are reluctant to get constructive on the shares until Q4 sell through materializes and visibility improves,” said analyst Camilo Lyon.
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 $53.70 yesterday, with a 52 week range of $43.26-$56.33.
While EPS beat estimates ($1.88 vs. 1.65 expected), the positive results were offset by lower Q4 guidance. Cannaccord now expects Q4 EPS of $1.27 vs. $1.45 previously.
“While we are impressed by COLM's management of the business during a host of challenges (e.g., macro and weather), we are reluctant to get constructive on the shares until Q4 sell through materializes and visibility improves,” said analyst Camilo Lyon.
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 $53.70 yesterday, with a 52 week range of $43.26-$56.33.