Columbia Sportswear downgraded by BofA Securities with a new price target
$COLM
Apparel
Consumer Discretionary
BofA Securities downgraded Columbia Sportswear from Neutral to Underperform and set a new price target of $80.00 from $108.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | $80.00 | Neutral | Wedbush |
| 7/8/2024 | $84.00 → $92.00 | Hold → Buy | Stifel |
| 1/5/2024 | $76.00 → $62.00 | Neutral → Sell | UBS |
| 10/20/2023 | Buy → Neutral | Seaport Research Partners | |
| 8/3/2023 | $94.00 → $83.00 | Outperform → Market Perform | TD Cowen |
| 4/25/2023 | $92.00 | Neutral | Piper Sandler |
| 4/29/2022 | $108.00 → $80.00 | Neutral → Underperform | BofA Securities |
| 2/9/2022 | $110.00 → $116.00 | Outperform | Cowen |
Third Quarter 2024 Highlights Net sales decreased 5 percent (5 percent constant-currency) to $931.8 million, compared to third quarter 2023. Operating income was $112.5 million, or 12.1 percent of net sales, compared to third quarter 2023 operating income of $134.6 million, or 13.7 percent of net sales. Diluted earnings per share of $1.56, compared to third quarter 2023 diluted earnings per share of $1.70. Exited the quarter with $373.9 million of cash, cash equivalents and short-term investments and no borrowings. Repurchased $230.9 million of common stock during the first nine months of 2024. On October 24, 2024, the Board of Directors approved a $600 million increase to the Com
Columbia Sportswear Company (NASDAQ:COLM) plans to release third quarter 2024 financial results at approximately 4:05 p.m. ET on Wednesday, October 30, 2024. At approximately 4:15 p.m. ET, a commentary by Jim Swanson, Executive Vice President and Chief Financial Officer, reviewing the company's third quarter 2024 financial results will be furnished to the SEC on Form 8-K and published to the company's website at https://investor.columbia.com/financial-results. Analysts and investors are encouraged to review this commentary prior to participating in a conference call hosted by senior management at 5:00p.m.ET. To listen to the conference call, please dial 888-506-0062. The call will also be
Second Quarter 2024 Highlights Net sales decreased 8 percent (7 percent constant-currency) to $570.2 million, compared to second quarter 2023. Loss from operations of $23.8 million, or (4.2) percent of net sales, compared to second quarter 2023 operating income of $6.2 million, or 1.0 percent of net sales. Net loss per share of $(0.20), compared to second quarter 2023 diluted earnings per share of $0.14. Exited the quarter with $711.1 million of cash, cash equivalents and short-term investments and no borrowings. Exited the quarter with $823.6 million of inventories, a decrease of 29 percent compared to June 30, 2023. Full Year 2024 Financial Outlook The following forwar
4 - COLUMBIA SPORTSWEAR CO (0001050797) (Issuer)
4 - COLUMBIA SPORTSWEAR CO (0001050797) (Issuer)
4 - COLUMBIA SPORTSWEAR CO (0001050797) (Issuer)
Wedbush analyst Tom Nikic initiates coverage on Columbia Sportswear (NASDAQ:COLM) with a Neutral rating and announces Price Target of $80.
Stifel analyst Jim Duffy upgrades Columbia Sportswear (NASDAQ:COLM) from Hold to Buy and raises the price target from $84 to $92.
New agency and marketing head will work collaboratively to drive Columbia's refreshed creative strategy Columbia Sportswear Company (NASDAQ:COLM, the "Company"))), a global leader in designing, sourcing, marketing, and distributing outdoor apparel, footwear, accessories, and equipment products, today announced that the Columbia brand has a new creative agency partner and marketing leadership to oversee the brand's new creative strategy. The approach will lean into the eighty-six-year-old company's unique character to elevate the Columbia brand. These changes are part of the brand's forward-looking strategic brand vision that will pair product strategy with integrated marketing to meet cons
Columbia Sportswear Company (NASDAQ:COLM), a global leader in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products, today announced that its board of directors appointed Charles Denson to serve as a director and member of its Audit Committee, effective January 9, 2024. Mr. Denson is the Chairman of the Board of Directors of Funko, Inc. (NASDAQ:FNKO), where he has served as a director since its formation in 2017, in addition to serving as a director of FAH, LLC since 2016. Mr. Denson has served as the President and Chief Executive Officer of Anini Vista Advisors, an advisory and consulting firm, since
Columbia Sportswear Company (NASDAQ:COLM), a global leader in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products, today announced that its board of directors appointed Christiana Smith Shi to serve as a director and member of its Audit Committee, effective July 8, 2022. Ms. Shi is the Principal at Lovejoy Advisors, LLC, an advisory services firm focused on digitally transforming consumer and retail businesses, which she founded in 2016. Previously, she served as President, Direct-to-Consumer at Nike, Inc. from 2013 until 2016 after serving in various roles beginning in 2010. Ms. Shi serves on the b
Wedbush initiated coverage of Columbia Sportswear with a rating of Neutral and set a new price target of $80.00
Stifel upgraded Columbia Sportswear from Hold to Buy and set a new price target of $92.00 from $84.00 previously
UBS downgraded Columbia Sportswear from Neutral to Sell and set a new price target of $62.00 from $76.00 previously
Third Quarter 2024 Highlights Net sales decreased 5 percent (5 percent constant-currency) to $931.8 million, compared to third quarter 2023. Operating income was $112.5 million, or 12.1 percent of net sales, compared to third quarter 2023 operating income of $134.6 million, or 13.7 percent of net sales. Diluted earnings per share of $1.56, compared to third quarter 2023 diluted earnings per share of $1.70. Exited the quarter with $373.9 million of cash, cash equivalents and short-term investments and no borrowings. Repurchased $230.9 million of common stock during the first nine months of 2024. On October 24, 2024, the Board of Directors approved a $600 million increase to the Com
New agency and marketing head will work collaboratively to drive Columbia's refreshed creative strategy Columbia Sportswear Company (NASDAQ:COLM, the "Company"))), a global leader in designing, sourcing, marketing, and distributing outdoor apparel, footwear, accessories, and equipment products, today announced that the Columbia brand has a new creative agency partner and marketing leadership to oversee the brand's new creative strategy. The approach will lean into the eighty-six-year-old company's unique character to elevate the Columbia brand. These changes are part of the brand's forward-looking strategic brand vision that will pair product strategy with integrated marketing to meet cons
Columbia Sportswear Company (NASDAQ:COLM) plans to release third quarter 2024 financial results at approximately 4:05 p.m. ET on Wednesday, October 30, 2024. At approximately 4:15 p.m. ET, a commentary by Jim Swanson, Executive Vice President and Chief Financial Officer, reviewing the company's third quarter 2024 financial results will be furnished to the SEC on Form 8-K and published to the company's website at https://investor.columbia.com/financial-results. Analysts and investors are encouraged to review this commentary prior to participating in a conference call hosted by senior management at 5:00p.m.ET. To listen to the conference call, please dial 888-506-0062. The call will also be
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