Barclays Maintains an 'Overweight' on Columbia Sportswear (COLM); Expanding Operating Margins

Barclays maintains an 'Overweight' on Columbia Sportswear (NASDAQ: COLM) price target of $75.00.

Barclays analyst says, "Given upside to the quarter and expectations for 100 plus basis points of operating margin expansion to over 8% in 2011, we are revising our EPS estimates upward to $3.15 from $2.85 for 2011, representing 39% EPS y-o-y growth, an impressive feat in this challenging macro and sourcing cost environment. Incorporating a 7% spring backlog, and our belief that Columbia is poised for continued operating margin expansion, we are also increasing our 2012 EPS to $3.60 from $3.35, respectively."

For more ratings news on Columbia Sportswear click here and for the rating history of Columbia Sportswear click here.

Shares of Columbia Sportswear closed at $54.86 yesterday.

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