Canaccord Genuity set a $66.00 target price on Columbia Sportswear (NASDAQ:COLM) in a report released on Sunday morning. The firm currently has a hold rating on the textile maker’s stock.

Other equities analysts also recently issued reports about the stock. Robert W. Baird reiterated a buy rating and set a $68.00 price objective on shares of Columbia Sportswear in a research note on Sunday, September 17th. BidaskClub downgraded shares of Columbia Sportswear from a strong-buy rating to a buy rating in a research note on Tuesday, December 12th. Pivotal Research initiated coverage on shares of Columbia Sportswear in a research note on Thursday, October 5th. They set a buy rating and a $72.00 price objective on the stock. FBR & Co reiterated a buy rating and set a $68.00 price objective on shares of Columbia Sportswear in a research note on Friday, October 27th. Finally, DA Davidson set a $77.00 price objective on shares of Columbia Sportswear and gave the company a buy rating in a research note on Tuesday, December 5th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $70.33.

Columbia Sportswear (NASDAQ:COLM) opened at $72.32 on Friday. Columbia Sportswear has a one year low of $51.56 and a one year high of $73.59. The stock has a market cap of $5,040.00, a P/E ratio of 25.92, a PEG ratio of 2.39 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm had revenue of $747.37 million for the quarter, compared to the consensus estimate of $735.67 million. During the same period last year, the firm earned $1.18 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. equities analysts expect that Columbia Sportswear will post 2.7 EPS for the current fiscal year.

In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total value of $766,708.40. Following the completion of the sale, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the completion of the transaction, the director now directly owns 1,089 shares of the company’s stock, valued at approximately $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its holdings in shares of Columbia Sportswear by 10.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after buying an additional 234 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Columbia Sportswear by 11.2% in the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after buying an additional 339 shares during the last quarter. Invictus RG purchased a new position in shares of Columbia Sportswear in the third quarter worth $207,000. Amalgamated Bank purchased a new position in shares of Columbia Sportswear in the second quarter worth $214,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Columbia Sportswear in the second quarter worth $235,000. 38.68% of the stock is owned by institutional investors and hedge funds.

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Columbia Sportswear Company Profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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