Goldman Sachs Group Inc. upgraded Columbia Sportswear Company (NASDAQ:COLM) to Conviction-Buy in a report released today.
- Updated: October 6, 2016
Goldman Sachs Group Inc. has upgraded Columbia Sportswear Company (NASDAQ:COLM) to Conviction-Buy in a report released on 10/07/2016.
Yesterday Columbia Sportswear Company (NASDAQ:COLM) traded 1.56% higher at $56.68. The company’s 50-day moving average is $56.22 and its 200-day moving average is $57.38. The last stock close price is down 0.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 15,356 shares of the stock were exchanged, down from an average trading volume of 235,989
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Columbia Sportswear Company has a 52 week low of $43.56 and a 52 week high of $66.00 with a P/E ratio of 22.95 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $64.06 with 6 firms rating the stock a strong buy, 3 firms rating the stock a buy, 8 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Columbia Sportswear Company (NASDAQ:COLM)
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company's geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. Its apparel, accessories and equipment are designed to be used in various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports and adventure travel. The Company's footwear products include hiking boots, trail running shoes, rugged cold weather boots, sandals and casual shoes. Its products are sold in approximately 100 countries.
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