Columbia Sportswear Company (COLM) Given Average Recommendation of “Hold” by Brokerages
Columbia Sportswear Company (NASDAQ:COLM) has been assigned an average rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $63.18.
COLM has been the topic of several research analyst reports. Stifel Nicolaus set a $60.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a report on Sunday, July 30th. Cowen and Company set a $58.00 target price on Columbia Sportswear and gave the company a “hold” rating in a report on Wednesday, July 19th. Buckingham Research restated a “neutral” rating and set a $58.00 target price on shares of Columbia Sportswear in a report on Monday, July 17th. Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.
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In related news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.90, for a total value of $379,181.60. Following the sale, the director now owns 8,664 shares of the company’s stock, valued at $492,981.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 58.86% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Alps Advisors Inc. raised its stake in Columbia Sportswear by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,532 shares of the textile maker’s stock valued at $495,000 after buying an additional 22 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Columbia Sportswear by 0.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,093 shares of the textile maker’s stock worth $476,000 after buying an additional 66 shares during the last quarter. Creative Planning lifted its holdings in Columbia Sportswear by 2.6% during the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after buying an additional 72 shares during the last quarter. Stifel Financial Corp lifted its holdings in Columbia Sportswear by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after buying an additional 162 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Columbia Sportswear by 10.0% during the 2nd 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. 38.92% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Sportswear (NASDAQ COLM) traded up 0.78% on Wednesday, reaching $62.06. The company’s stock had a trading volume of 165,985 shares. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 22.65 and a beta of 0.82. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $63.55. The company has a 50 day moving average of $58.04 and a 200 day moving average of $57.11.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The company had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Columbia Sportswear will post $2.79 earnings per share for the current year.
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.
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