Columbia Sportswear Company (COLM) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Columbia Sportswear Company (COLM) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $72 and the lowest price target forecast is $43. The average forecast of all the analysts is $64.22 and the expected standard deviation is $8.67.
For the current week, the company shares have a recommendation consensus of Buy. Columbia Sportswear Company (NASDAQ:COLM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.38 and $53.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.94, notching a gain of 1.76% for the day. The total traded volume was 288,016 . The stock had closed at $53.99 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Bragdon Peter J, officer (EVP/CAO, Gen. Counsel & Sec.) of Columbia Sportswear Co, had unloaded 10,000 shares at an average price of $58.95 in a transaction dated on June 20, 2016. The total value of the transaction was worth $589,500.
Columbia Sportswear Company is a hat distributor. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and Montrail brands. It offers products, including outerwear, sportswear, footwear, accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand, OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel, accessories and equipment, and footwear. Its apparel, accessories and equipment are designed to use in a variety of outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports and adventure travel. Its footwear products include durable, lightweight hiking boots, trail running shoes, rugged cold weather boots and casual shoes. It operates in North America, Europe, Japan, Korea and China.