KeyBanc Starts Columbia Sportswear (COLM) at Sector Weight

September 21, 2016 5:44 PM EDT
Get Alerts COLM Hot Sheet
Price: $57.11 +1.44%

Rating Summary:
    12 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
Trade COLM Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

KeyBanc initiated coverage on Columbia Sportswear (NASDAQ: COLM) with a Sector Weight rating. Analyst Jessica Schmidt said she would be opportunistic on a pullback.

"We think COLM operates an attractive portfolio of brands, with three of its four brands at less than $250M sales and a history of success building a $1.9B+ lifestyle brand. DTC remains an underappreciated element of COLM’s growth story, in our opinion, and view the founding family as important stewards of the culture. However, high exposure to cold weather and a retail environment still struggling to recover from last year’s warm winter leave us concerned. At 19.4x 2017E P/E and 9.8x2017E EV/EBITDA, compared to its apparel (13.7x 2017E P/E and 7.9," said Schmidt.

For an analyst ratings summary and ratings history on Columbia Sportswear click here. For more ratings news on Columbia Sportswear click here.

Shares of Columbia Sportswear closed at $56.49 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, New Coverage

Related Entities


Add Your Comment