Needham Maintains a Hold Rating on Columbia Sportswear (COLM)


Needham analyst Rick Patel maintained a Hold rating on Columbia Sportswear (COLM) today. The company’s shares closed last Monday at $58.04, close to its 52-week low of $51.82.

According to TipRanks.com, Patel is ranked 0 out of 5 stars with an average return of -20.3% and a 22.7% success rate. Patel covers the Services sector, focusing on stocks such as Designer Brands, Capri Holdings, and Ralph Lauren.

Currently, the analyst consensus on Columbia Sportswear is a Moderate Buy with an average price target of $101.75, representing a 67.4% upside. In a report issued on March 16, Citigroup also maintained a Hold rating on the stock with a $64.00 price target.

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The company has a one-year high of $109.44 and a one-year low of $51.82. Currently, Columbia Sportswear has an average volume of 497.4K.

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Columbia Sportswear Co. engages in designing, sourcing, marketing, and distributing 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.

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