Columbia Sportswear (COLM) News Today

Columbia Sportswear Company (NASDAQ:COLM) shares are trading lower today amid multiple analyst price target reductions, despite solid quarterly results and the launch of a new branding campaign.

• Positive Sentiment: Columbia topped Q2 expectations, reporting a loss of $0.19 per share versus a consensus loss of $0.28, while revenue climbed 6.1% year-over-year to $605.3 million, ahead of forecasts. Columbia Sportswear Announces Quarterly Earnings Results
• Positive Sentiment: The company unveiled its “Engineered for Whatever” brand platform, emphasizing extreme gear testing and irreverent marketing to energize growth. Engineered for Whatever: Columbia Sportswear Debuts Bold, New Brand Platform Celebrating the Extremes of Outdoor Adventures
• Neutral Sentiment: Seaport Research Partners cut its Q3 EPS forecast to $1.20 from $1.30 per share, and also issued Q4 and full-year estimates of $1.60 and $3.36 EPS, respectively. Q3 EPS Forecast for Columbia Sportswear Reduced by Analyst
• Negative Sentiment: Barclays lowered its price target on COLM to $51.00, citing concerns over margin pressures. Columbia Sportswear Price Target Cut to $51.00 by Barclays
• Negative Sentiment: Stifel Nicolaus trimmed its target to $68.00, reflecting a more cautious view on consumer spending trends. Stifel Nicolaus Cuts Columbia Sportswear Price Target to $68.00
• Negative Sentiment: Citigroup reduced its price objective to $61.00 amid concerns over inventory build and discounting. Citigroup Cuts Columbia Sportswear Price Target to $61.00
• Negative Sentiment: Analysts at Yahoo Finance note a consensus price target cut to $57.50, driven by mixed guidance and slower growth forecasts. Earnings Release: Here's Why Analysts Cut Their Columbia Sportswear Company Price Target To US$57.50
• Negative Sentiment: Shares gapped down after an unnamed brokerage downgraded COLM, intensifying selling pressure. Columbia Sportswear Shares Gap Down Following Analyst Downgrade