Guggenheim Securities Initiates Coverage on Columbia Sportswear Company to Buy

Guggenheim Securities Initiates Coverage on Columbia Sportswear Company(NASDAQ:COLM). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, KeyBanc said it Initiates Coverage on Columbia Sportswear Company, according to a research note issued on Sep 22, 2016. The shares have been rated ‘Sector Weight’ by the firm. On Sep 20, 2016, Canaccord Genuity said it Upgrades its rating on Columbia Sportswear Company. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on Columbia Sportswear Company. In the research note, the firm Lowers the price-target to $69.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, FBR Capital said it Maintains its rating on Columbia Sportswear Company. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Outperform’ by the firm.

Columbia Sportswear Company (COLM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.46% or 0.26 points. Due to strong positive momentum, the stock ended at $57.01, which is also near the day’s high of $57.4. The stock began the session at $56.7 and the volume stood at 1,02,075 shares. The 52-week high of the shares is $66 and the 52 week low is $43.56. The company has a current market capitalization of $3,976 M and it has 6,97,43,883 shares in outstanding.

Columbia Sportswear Company(COLM) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $388.75M. Analysts had an estimated revenue of $392.02M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.16.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Peter J Bragdon (EVP/CAO, Gen. Counsel & Sec.) sold 10,000 shares at $58.95 per share price.Also, On May 26, 2016, Ronald E. Nelson (director) sold 2,776 shares at $53.20 per share price.On Mar 2, 2016, Bryan Timm (President/COO) sold 13,172 shares at $60.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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