Columbia Sportswear Company (COLM) Earns “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Columbia Sportswear Company (NASDAQ:COLM) in a research note published on Wednesday morning. The brokerage currently has a $60.00 price target on the textile maker’s stock.
COLM has been the topic of several other research reports. Cowen and Company set a $58.00 target price on shares of Columbia Sportswear and gave the stock a hold rating in a report on Monday, August 21st. Robert W. Baird restated a buy rating and issued a $68.00 target price on shares of Columbia Sportswear in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Columbia Sportswear from a sell rating to a hold rating in a report on Monday, July 17th. Buckingham Research restated a neutral rating and issued a $58.00 target price on shares of Columbia Sportswear in a report on Monday, July 17th. Finally, Canaccord Genuity restated a neutral rating on shares of Columbia Sportswear in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $64.46.
Columbia Sportswear (NASDAQ:COLM) traded up 0.27% during midday trading on Wednesday, hitting $62.62. 130,689 shares of the stock were exchanged. The company’s 50 day moving average is $58.63 and its 200-day moving average is $57.50. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $63.55. The stock has a market cap of $4.37 billion, a PE ratio of 22.83 and a beta of 0.82.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The firm had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. During the same quarter last year, the business earned ($0.12) earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts expect that Columbia Sportswear will post $2.80 earnings per share for the current year.
In other news, Director Edward S. George sold 6,664 shares of Columbia Sportswear stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.90, for a total value of $379,181.60. Following the completion of the transaction, the director now owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 58.86% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of COLM. SG Americas Securities LLC purchased a new position in shares of Columbia Sportswear in the 1st quarter worth about $114,000. Ameritas Investment Partners Inc. purchased a new position in shares of Columbia Sportswear in the 1st quarter worth about $137,000. Creative Planning raised its position in shares of Columbia Sportswear by 2.6% in the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after purchasing an additional 72 shares during the last quarter. Advisor Group Inc. raised its position in shares of Columbia Sportswear by 11.2% in the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after purchasing an additional 339 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Columbia Sportswear by 36.1% in the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after purchasing an additional 946 shares during the last quarter. 38.92% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Columbia Sportswear Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Company and related companies with Analyst Ratings Network's FREE daily email newsletter.