Stifel Nicolaus Keeps Their Hold Rating on Columbia Sportswear

By Jason Carr

In a report released yesterday, Jim Duffy from Stifel Nicolaus reiterated a Hold rating on Columbia Sportswear (NASDAQ: COLM), with a price target of $74. The company’s shares closed yesterday at $70.11, close to its 52-week high of $71.65.

According to TipRanks.com, Duffy is a 3-star analyst with an average return of 5.1% and a 59.1% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, G-III Apparel Group, and Fox Factory Holding.

Currently, the analyst consensus on Columbia Sportswear is Moderate Buy and the average price target is $71.11, representing a 1.4% upside.

In a report issued on December 12, Goldman Sachs also downgraded the stock to Hold with a $78 price target.

Based on Columbia Sportswear’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $747 million and quarterly net profit of $87.72 million. In comparison, last year the company earned revenue of $746 million and had a net profit of $83.59 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Last month, Walter Klenz, a Director at COLM sold 11,608 shares for a total of $766,708.

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.