Columbia Sportswear (NASDAQ:COLM) Issues Earnings Results, Beats Expectations By $0.38 EPS

Columbia Sportswear (NASDAQ:COLM) announced its quarterly earnings data on Thursday. The textile maker reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.38, FiscalAI reports. The company had revenue of $962.58 million for the quarter, compared to analysts’ expectations of $944.91 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%.

Columbia Sportswear Stock Performance

Columbia Sportswear stock traded up $2.79 during midday trading on Thursday, hitting $63.69. 1,211,300 shares of the company were exchanged, compared to its average volume of 650,966. The business has a fifty day simple moving average of $58.21 and a two-hundred day simple moving average of $59.65. The firm has a market capitalization of $3.26 billion, a PE ratio of 16.54 and a beta of 0.93. Columbia Sportswear has a fifty-two week low of $47.47 and a fifty-two week high of $69.06.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COLM shares. Wall Street Zen downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a report on Friday, July 31st. Zacks Research lowered Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $67.00 price target on Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Columbia Sportswear has an average rating of “Hold” and a consensus target price of $65.40.

Columbia Sportswear Company Profile

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.