Columbia Sportswear Price Target Raised to $83.00 at Davidson (COLM)
Davidson boosted their target price on shares of Columbia Sportswear (NASDAQ:COLM) from $73.00 to $83.00 in a research note issued on Tuesday, Analyst Ratings Net reports. Davidson’s price target would suggest a potential upside of 3.98% from the stock’s previous close.
Columbia Sportswear (NASDAQ:COLM) traded up 1.11% on Tuesday, hitting $79.82. The stock had a trading volume of 67,119 shares. Columbia Sportswear has a 52 week low of $47.72 and a 52 week high of $80.00. The stock has a 50-day moving average of $73.53 and a 200-day moving average of $65.02. The company has a market cap of $2.754 billion and a price-to-earnings ratio of 28.07.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 24th. The company reported $1.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.44 by $0.13. The company had revenue of $523.10 million for the quarter, compared to the consensus estimate of $514.20 million. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts predict that Columbia Sportswear will post $2.58 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. reiterated a “sell” rating on shares of Columbia Sportswear in a research note to investors on Friday, December 27th. They now have a $58.00 price target on the stock, up previously from $50.00. Separately, analysts at Susquehanna raised their price target on shares of Columbia Sportswear from $57.00 to $64.00 in a research note to investors on Monday, October 28th. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Columbia Sportswear from $50.00 to $58.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $62.50.
Columbia Sportswear Company is a family-owned, regional hat distributor. The Company is engaged in the design, sourcing, marketing and distribution of active outdoor apparel, footwear, accessories and equipment.
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