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-0.000722086830941405 -0.000270782561603043 -9.02608538677238E-05 0.000270782561603043 0.00965791136384144 0.00839425940969395 0.0228359960285224 0.0211210398050366
Stock impact report

Columbia Sportswear downgraded as store closures impact sales growth outlook [MarketWatch]

Columbia Sportswear Company (COLM) 
Last columbia sportswear company earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.columbia.com
Company Research Source: MarketWatch
Columbia Sportswear downgraded as store closures impact sales growth outlook Columbia Sportswear Co. COLM, -7.26% was downgraded to hold from buy at Canaccord Genuity on Friday based on a slowdown at U.S. wholesale channels. Columbia Sportswear's price target was cut to $60 from $64. Canaccord upgraded Columbia Sportswear in September 2016 on the belief the company could achieve mid-to-high single-digit sales growth this year. However retail bankruptcies and store closures along with "still-cautious" fall ordering has softened the company's outlook, the note said. Columbia Sportswear Chief Executive Tim Boyle acknowledged that the closures, bankruptcies, liquidations and "ongoing efforts by U.S. retailers to rationalize their store fleets and square footage" are challenges in a late-Thursday earnings release statement. Long-term goals could also be in jeopardy since the "U.S. challenges appear structural." Columbia Sportwear reported first-quarter earnings late Thursday that beat e Show less Read more
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