In a report released today, Christopher Svezia from Wedbush maintained a Buy rating on Columbia Sportswear (NASDAQ: COLM), with a price target of $102. The company’s shares opened today at $94.85, close to its 52-week high of $95.58.
According to TipRanks.com, Svezia is a 4-star analyst with an average return of 10.3% and a 51.4% success rate. Svezia covers the Consumer Goods sector, focusing on stocks such as Steven Madden, Skechers USA, and Nike.
Currently, the analyst consensus on Columbia Sportswear is a Moderate Buy with an average price target of $97.43, a 2.7% upside from current levels. In a report issued on July 24, Robert W. Baird also reiterated a Buy rating on the stock with a $105 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.
