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Analysts Raise Columbia Sportswear’s Price Target

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Aug. 2 2018, Updated 10:30 a.m. ET

Analyst action after 2Q results

Columbia Sportswear’s (COLM) second-quarter results led some analysts to change their target prices on the stock. However, none of the analysts revised their recommendations on the company.

Some of the brokers that lifted their price target on Columbia Sportswear were as follows:

  • B. Riley raised its target price from $84 to $87.
  • Canaccord Genuity raised its target price from $81 to $89.
  • Wedbush raised its target price from $100 to $102.
  • Cowen and Company raised its target price from $80 to $90.

Wall Street, on average, has assigned a price target of $94.67 on COLM, indicating an upside of 11% over the current stock price of $85.40. Individual target prices on the company range between $80 and $108.

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Columbia Sportswear’s ratings

Currently, 16 Wall Street analysts cover Columbia Sportswear. The company has a 2.4 on a scale where one is a “strong buy” and five is a “strong sell.” 31% of the analysts tracking the company including Wedbush and Guggenheim recommend buying COLM stock. The company was downgraded from “buy” to “neutral” by Pivotal Research, B. Riley, and DA Davidson in mid-July ahead of COLM’s second-quarter results. COLM is now suggested as a “hold” by 69% of the analysts. There aren’t any “sell” ratings on the company.

How are competitors rated?

Looking at other sportswear players, Nike (NKE) and Lululemon Athletica (LULU) are rated 2.3 each, while Under Armour (UAA) is rated a 3.1. Both Nike and Lululemon are suggested as a “buy” by 53% of analysts. However, Lululemon has a “sell” rating from 3% of analysts, while Nike has been recommended as a sell by 6% of analysts.

ETF investors seeking to add exposure to COLM can consider the First Trust Consumer Discretionary AlphaDEX Fund (FXD), which invests 1.1% of its portfolio in the company.

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