Guggenheim analyst Robert Drbul maintained a Buy rating on Columbia Sportswear (COLM) today and set a price target of $125. The company’s shares opened today at $94.21.
Drbul observed:
“We recently hosted a series of meetings in with members of the COLM management team including CEO Andrew Burns. We continue to believe COLM is one of the more attractive growth names in our group, with significant long- term top-line growth and operating margin expansion opportunities, while the company continues to invest in demand creation in an effort to improve consumer demand. We remain BUY-rated and our price target is $125.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 8.5% and a 61.6% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
Columbia Sportswear has an analyst consensus of Strong Buy, with a price target consensus of $121.43.
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Based on Columbia Sportswear’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $74.18 million. In comparison, last year the company had a net profit of $45.11 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Murrey Albers, a Director at COLM sold 11,608 shares for a total of $1,129,691.
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.
