Columbia Sportswear Company (COLM) Given a $70.00 Price Target at Canaccord Genuity
Columbia Sportswear Company (NASDAQ:COLM) received a $70.00 target price from stock analysts at Canaccord Genuity in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 24.33% from the company’s current price.
Other analysts also recently issued research reports about the stock. B. Riley reaffirmed a “neutral” rating and issued a $63.00 price target on shares of Columbia Sportswear Company in a report on Tuesday, November 1st. Wedbush upped their price target on shares of Columbia Sportswear Company to $72.00 and gave the company an “outperform” rating in a report on Friday. Buckingham Research assumed coverage on shares of Columbia Sportswear Company in a report on Thursday, October 20th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Columbia Sportswear Company from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Columbia Sportswear Company in a report on Monday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $66.86.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded up 1.74% during mid-day trading on Friday, hitting $57.28. 191,946 shares of the stock were exchanged. Columbia Sportswear Company has a one year low of $43.94 and a one year high of $63.55. The stock has a market cap of $4.00 billion, a PE ratio of 23.75 and a beta of 0.75. The company has a 50-day moving average of $58.90 and a 200 day moving average of $57.81.
Columbia Sportswear Company (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.01. Columbia Sportswear Company had a net margin of 7.23% and a return on equity of 11.42%. The company had revenue of $745.71 million for the quarter, compared to the consensus estimate of $770.47 million. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Columbia Sportswear Company will post $2.63 earnings per share for the current year.
In other news, Director Sarah Bany sold 22,906 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $57.11, for a total value of $1,308,161.66. Following the completion of the sale, the director now owns 1,604,934 shares of the company’s stock, valued at $91,657,780.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 62.12% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Columbia Sportswear Company during the second quarter worth $6,368,000. HL Financial Services LLC purchased a new stake in Columbia Sportswear Company during the second quarter worth $245,000. Moody Aldrich Partners LLC raised its stake in Columbia Sportswear Company by 134.7% in the second quarter. Moody Aldrich Partners LLC now owns 16,655 shares of the company’s stock worth $958,000 after buying an additional 9,560 shares during the last quarter. First Midwest Bank Trust Division raised its stake in Columbia Sportswear Company by 46.2% in the second quarter. First Midwest Bank Trust Division now owns 17,049 shares of the company’s stock worth $981,000 after buying an additional 5,385 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in Columbia Sportswear Company during the second quarter worth $2,135,000. 37.08% of the stock is owned by institutional investors and hedge funds.
About Columbia Sportswear Company
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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