Columbia Sportswear Company (COLM) is Reiterated by Stifel to Buy, Raises Price Target to $ 68

Columbia Sportswear Company (COLM) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 68 from a previous price target of $60 . Stifel advised their investors in a research report released on Apr 19, 2016.

Many Wall Street Analysts have commented on Columbia Sportswear Company. Shares were Upgraded by Robert W. Baird on Jan 22, 2016 to ” Outperform” and Lowered the Price Target to $ 60 from a previous price target of $72 .

On the company’s financial health, Columbia Sportswear Company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.75. The company had revenue of $699.40 million for the quarter, compared to analysts expectations of $684.55 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Columbia Sportswear Company opened for trading at $60.37 and hit $61.82 on the upside on Monday, eventually ending the session at $61.69, with a gain of 1.83% or 1.11 points. The heightened volatility saw the trading volume jump to 4,26,960 shares. Company has a market cap of $4,276 M.

In a different news, on Mar 2, 2016, Bryan Timm (President/COO) sold 13,172 shares at $60.47 per share price. According to the SEC, on Feb 29, 2016, David Shawn Cox (SVP Retail/NA & EMEA) sold 900 shares at $60.69 per share price. On Feb 29, 2016, Walter Klenz (director) sold 10,164 shares at $59.88 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.

Columbia Sportswear Company

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