In a report released today, Mitch Kummetz from Seaport Global maintained a Hold rating on Columbia Sportswear (COLM – Research Report). The company’s shares closed yesterday at $77.14.
Kummetz covers the Consumer Cyclical sector, focusing on stocks such as Genesco, Hibbett Sports, and Tilly’s. According to TipRanks, Kummetz has an average return of 21.0% and a 57.35% success rate on recommended stocks.
Columbia Sportswear has an analyst consensus of Hold, with a price target consensus of $71.75, which is a -6.99% downside from current levels. In a report released on April 18, Robert W. Baird also maintained a Hold rating on the stock with a $70.00 price target.
Based on Columbia Sportswear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.06 billion and a net profit of $93.34 million. In comparison, last year the company earned a revenue of $1.17 billion and had a net profit of $125.69 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COLM in relation to earlier this year. Most recently, in February 2024, Ronald E. Nelson, a Director at COLM sold 5,768.00 shares for a total of $473,264.40.
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Columbia Sportswear (COLM) Company Description:
Columbia Sportswear Co. engages in designing, sourcing, marketing, and distributing outdoor and active lifestyle apparel, footwear, accessories, and equipment. It operates through the following geographical segments: the United States; Latin America and Asia Pacific; Europe, Middle East, and Africa; and Canada. The company was founded by Paul Lamfrom and Marie Lamfrom in 1938 and is headquartered in Portland, OR.
