Columbia Sportswear Company (COLM - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $55.68 to $58.19 in the past one-month time frame.
The move came after the company posted lower-than-expected loss in second-quarter 2017. Further, the company’s quarterly sales beat the estimates and also increased year over year.
The company has seen three negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Columbia Sportswear currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Textile – Apparel industry is Guess', Inc. (GES - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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