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How Wall Street Views Columbia Sportswear after Its 3Q17 Earnings

Sonya Bells - Author
By

Nov. 1 2017, Updated 9:03 a.m. ET

Columbia Sportswear’s ratings

Columbia Sportswear (COLM) is currently tracked by 19 Wall Street analysts, who have together rated the company a 2.3 on a scale of 1 (strong buy) to 5 (sell). Looking at these recommendations, 47% of Wall Street analysts covering the company—including Wedbush, Pivotal Research, and Guggenheim—recommend buying COLM stock.

Stifel, Buckingham Research, and Canaccord Genuity are among the 47% of these brokers who recommend holding Columbia Sportswear. The remaining 5% of analysts suggest selling the stock.

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How are competitors rated?

Among COLM’s peers, Nike (NKE) received similar ratings. Nike is also rated a 2.3 with 51% “buy” and 5% “sell” recommendations.

Lululemon Athletica (LULU) is rated a 2.4 with 51% “buy” and 6% “sell” recommendations.

Under Armour (UAA) has the worst rating of 3.1. The company has ~24% “sell” recommendations and 18% “buy” recommendations.

Target price

Columbia Sportswear’s (COLM) stock price was $64.30 on October 26, 2017, around its 52-week high price. Wall Street sees just a 1% upside for the stock. Its stock price is projected to rise to $65.18 over the next 12 months.

All other players have better upsides attached. The respective stock prices of Under Armour, Nike, and Lululemon are projected to rise 12%, 4%, and 3% over the next year.

ETF investors seeking to add exposure to COLM can consider the iShares Morningstar Small-Cap Growth ETF (JKK), which invests ~0.3% of its portfolio in the company.

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