Columbia Sportswear Company (COLM) Receives Price Target

Columbia Sportswear Company (COLM) : The highest level Columbia Sportswear Company (COLM) is projected to reach is $72 for the short term and the lowest estimate is at $43. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $64.22 and the possibility the share price can swing is $8.67.

Columbia Sportswear Company (COLM) : Zacks Investment Research ranks Columbia Sportswear Company (COLM) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.33, which indicates as a Buy.


Also, Brokerage firm Citigroup maintains its rating on Columbia Sportswear Company (NASDAQ:COLM). As per the latest information, the brokerage house lowers the price target to $68 per share from a prior target of $69. The shares have been rated Buy. The rating by the firm was issued on July 29, 2016.

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 $56.05 and $55.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.02, notching a gain of 1.51% for the day. The total traded volume was 311,562 . The stock had closed at $56.17 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.