Columbia Sportswear (COLM) Gets a Buy from Stifel Nicolaus

In a report released yesterday, Peter McGoldrick from Stifel Nicolaus maintained a Buy rating on Columbia Sportswear, with a price target of $60.00. The company’s shares closed yesterday at $57.28.

Claim 50% Off TipRanks Premium and Invest with Confidence

• Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential

McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Columbia Sportswear, Nike, and VF. According to TipRanks, McGoldrick has an average return of -2.3% and a 47.62% success rate on recommended stocks.

In addition to Stifel Nicolaus, Columbia Sportswear also received a Buy from TR | OpenAI – 4o’s Vince Stitcher in a report issued on December 7. However, on December 9, TR | OpenAI – 4o downgraded Columbia Sportswear (NASDAQ: COLM) to a Hold.

Based on Columbia Sportswear’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $943.43 million and a net profit of $52.01 million. In comparison, last year the company earned a revenue of $931.77 million and had a net profit of $90.16 million

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Lisa Kulok, the EVP Chief Supply Chain Officer of COLM sold 5,262.00 shares for a total of $287,410.44.