Columbia Sportswear (NASDAQ:COLM)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a report released on Tuesday. They presently have a $82.00 target price on the textile maker’s stock. Citigroup’s target price would suggest a potential upside of 14.96% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. B. Riley restated a “buy” rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Goldman Sachs Group lowered Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, December 12th. Pivotal Research restated a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. BidaskClub lowered Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Stifel Nicolaus set a $74.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $69.14.

Columbia Sportswear (NASDAQ COLM) opened at $71.33 on Tuesday. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $71.82. The firm has a market cap of $4,974.51, a P/E ratio of 25.52, a P/E/G ratio of 2.71 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The business had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. During the same quarter in the prior year, the firm posted $1.18 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. research analysts expect that Columbia Sportswear will post 2.71 earnings per share for the current year.

In other news, Director Malia H. Wasson sold 900 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,089 shares in the company, valued at approximately $67,169.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Walter Klenz sold 11,608 shares of the 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 transaction, the director now owns 21,619 shares in the company, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. Company insiders own 58.86% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Columbia Sportswear by 15.7% in the 3rd quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock valued at $734,000 after purchasing an additional 1,621 shares during the last quarter. California Public Employees Retirement System raised its stake in Columbia Sportswear by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock valued at $4,415,000 after purchasing an additional 900 shares during the last quarter. Invictus RG acquired a new position in Columbia Sportswear in the 3rd quarter valued at $207,000. OxFORD Asset Management LLP raised its stake in Columbia Sportswear by 38.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock valued at $575,000 after purchasing an additional 2,621 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Columbia Sportswear by 21.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock valued at $15,263,000 after purchasing an additional 43,329 shares during the last quarter. Hedge funds and other institutional investors own 38.80% of the company’s stock.

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About Columbia Sportswear

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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