Columbia Sportswear Company (NASDAQ:COLM) Rating Reiterated by Canaccord Genuity
A number of other brokerages have also issued reports on COLM. B. Riley reissued a neutral rating and issued a $61.00 price objective on shares of Columbia Sportswear in a report on Tuesday, April 25th. Zacks Investment Research raised Columbia Sportswear from a sell rating to a hold rating in a report on Monday, April 3rd. Cowen and Company set a $58.00 price objective on Columbia Sportswear and gave the stock a hold rating in a report on Wednesday, July 19th. Buckingham Research reissued a neutral rating and issued a $58.00 price objective on shares of Columbia Sportswear in a report on Monday, July 17th. Finally, Forward View lowered Columbia Sportswear from a buy rating to a hold rating in a report on Saturday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Columbia Sportswear has a consensus rating of Hold and a consensus target price of $63.45.
Shares of Columbia Sportswear (NASDAQ COLM) opened at 62.01 on Wednesday. The firm has a market capitalization of $4.32 billion, a PE ratio of 22.61 and a beta of 0.79. The stock has a 50 day moving average price of $57.01 and a 200 day moving average price of $56.45. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.32% and a net margin of 8.01%. The company had revenue of $398.90 million during the quarter, compared to analyst estimates of $394.53 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. Analysts predict that Columbia Sportswear will post $2.80 EPS for the current fiscal year.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $53.59, for a total value of $95,175.84. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at $107,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 58.86% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in Columbia Sportswear by 440.7% in the fourth quarter. Macquarie Group Ltd. now owns 31,900 shares of the textile maker’s stock worth $1,860,000 after buying an additional 26,000 shares during the period. Creative Planning increased its stake in Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the period. Gotham Asset Management LLC purchased a new stake in Columbia Sportswear during the first quarter worth $5,195,000. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,509,656 shares of the textile maker’s stock worth $88,693,000 after buying an additional 145,729 shares during the period. Finally, Alambic Investment Management L.P. increased its stake in Columbia Sportswear by 10.9% in the first quarter. Alambic Investment Management L.P. now owns 10,370 shares of the textile maker’s stock worth $609,000 after buying an additional 1,020 shares during the period. Hedge funds and other institutional investors own 39.60% of the company’s stock.
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.