Columbia Sportswear Gets a Buy Rating from Robert W. Baird

By Carrie Williams

Robert W. Baird analyst Jonathan Komp reiterated a Buy rating on Columbia Sportswear (NASDAQ: COLM) on September 15 and set a price target of $68. The company’s shares closed on Friday at $59.04.

According to TipRanks.com, Komp is a 4-star analyst with an average return of 5.7% and a 61.2% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Wolverine World Wide, and Duluth Holdings Inc.

Columbia Sportswear has an analyst consensus of Hold, with a price target consensus of $60.80.

Columbia Sportswear’s market cap is currently $4.11B and has a P/E ratio of 21.71. The company has a book value ratio of 2.6598.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Last month, Edward S. George, a Director at COLM sold 6,664 shares for a total of $379,182.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Columbia Sportswear Co. designs, develops, markets and distributes active outdoor apparel, footwear, accessories and equipment under four primary brands: Columbia, Mountain Hardwear, Sorel, and Montrail. It operates through the following geographic segments: the United States; Latin America and Asia Pacific; Europe, Middle East, and Africa; and Canada.