In a report released yesterday, Camilo Lyon from Canaccord Genuity reiterated a Hold rating on Columbia Sportswear (NASDAQ: COLM), with a price target of $89. The company’s shares closed yesterday at $92.52, close to its 52-week high of $95.58.
According to TipRanks.com, Lyon is a 3-star analyst with an average return of 2.8% and a 49.0% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Sequential Brands, and Deckers Outdoor.
Currently, the analyst consensus on Columbia Sportswear is a Moderate Buy with an average price target of $96.86, a 4.7% upside from current levels. In a report issued on July 16, D.A. Davidson also downgraded the stock to Hold with a $96 price target.
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Columbia Sportswear’s market cap is currently $6.49B and has a P/E ratio of 57.11. The company has a Price to Book ratio of 3.92.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Andy Bryant, a Director at COLM sold 19,946 shares for a total of $1,702,488.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Columbia Sportswear Co. engages in the design, source, market, and distribute outdoor and active lifestyle apparel, footwear, accessories, and equipment. It operates through the following geographical segments: the United States; Latin America and Asia Pacific; Europe, Middle East, and Africa; and Canada.
