Stifel analyst Jim Duffy said the direct, unmitigated impact of a proposed 10% tariff on "List 4" goods imported from China is contained to a single digit percentage headwind to calendar 2020 earnings for most of the 18 Sports and Lifestyle Brands companies he covers, though he identified G-III Apparel (GIII), Yeti (YETI) and potentially Dick's Sporting Goods (DKS) as having higher than group average exposure to the risk. He awaits more tariff details before adjusting estimates, but said he is constructive on higher-end and globally diversified brands, such as Lululemon (LULU), Columbia Sportswear (COLM), Nike (NKE), Under Armour (UAA) and VF Corp. (VFC).

UBS raised the firm's price target on Columbia Sportswear to $60 from $59 and keeps a Sell rating on the shares. The firm maintains a bearish view on Columbia despite a 37c beat on Q1 EPS and thinks topline challenges will persist, leading to margin pressures and weakening EPS growth, the analyst tells investors in a research note.

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Consensus $3.66. Backs FY24 revenue view of $3.35B-$3.42B, consensus $3.38B.