Top U.S. Defense Stocks to Watch According to Jefferies Analysis
Investing.com - BTIG initiated coverage on Columbia Sportswear (NASDAQ:COLM) with a Buy rating and a $75.00 price target on Tuesday. According to InvestingPro data, the stock currently trades at $51.41, with analysis suggesting significant upside potential from current levels.
The research firm cited an attractive risk/reward ratio at current price levels, noting that Columbia Sportswear shares have declined approximately 30% over the past 12 months. InvestingPro data shows the stock trading near its 52-week low of $48.10, with a P/E ratio of 12.92 and management actively buying back shares.
BTIG believes the current share price adequately discounts the challenges facing the company’s core Columbia brand.
The firm established earnings per share estimates of $3.15 for fiscal year 2025 and $3.25 for fiscal year 2026.
Columbia Sportswear, known for its outdoor apparel and equipment, has faced headwinds that have impacted its stock performance over the past year.
In other recent news, Columbia Sportswear reported its second-quarter 2025 earnings, revealing a loss per share of -$0.19, which was better than the expected -$0.23. The company’s revenue reached $605 million, surpassing the forecast of $588.37 million and marking a 6.0% year-over-year increase. Despite these positive earnings results, CFRA has lowered its price target for Columbia Sportswear to $56.00 from $68.00, maintaining a Hold rating due to concerns about the tariff environment. Similarly, BofA Securities adjusted its price target to $47.00 from $58.00, keeping an Underperform rating on the stock. CFRA also reduced its earnings per share estimates for 2025 and 2026 to $3.00 and $3.50, respectively. These revisions reflect significant reductions from previous forecasts. The analysts’ adjustments highlight the cautious stance towards Columbia Sportswear’s future financial performance amid ongoing external challenges.
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