A number of other research analysts have also published reports on COLM. Cowen raised its target price on Columbia Sportswear from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 report. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a target price of $92.00 for the stock. in a report on Tuesday, April 12. Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report released Friday. Finally, Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a report on Friday. One research analyst rated the stock with a sell rating, six issued a hold rating and three issued a buy rating for the company’s stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus target price of $104.57.
NASDAQ COLM opened at $82.16 on Thursday. The company has a market capitalization of $5.17 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.67 and a beta of 0.90. The stock has a 50-day moving average of $89.68 and a two-hundred-day moving average of $94.84. Columbia Sportswear has a 1-year minimum of $80.02 and a 1-year maximum of $110.44.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its results on Thursday, April 28. The textile maker reported earnings per share (EPS) of $1.03 for the quarter, beating the Zacks consensus estimate of $0.85 by $0.18. The company posted revenue of $761.50 million for the quarter, versus analyst estimates of $762.88 million. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The company’s revenue for the quarter increased by 21.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.84. On average, sell-side analysts expect Columbia Sportswear to post an EPS of 5.76 for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Columbia Sportswear by 102.9% in the first quarter. SG Americas Securities LLC now owns 15,226 shares of the textile maker valued at $1,378,000 after buying an additional 7,722 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Columbia Sportswear in the first quarter worth $195,000. DekaBank Deutsche Girozentrale acquired a new stake in Columbia Sportswear in the first quarter worth $972,000. Comerica Bank increased its holdings in Columbia Sportswear by 4.2% in the first quarter. Comerica Bank now owns 29,085 shares of the textile maker valued at $2,611,000 after buying an additional 1,165 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Columbia Sportswear by 22.7% in the first quarter. The New York State Teachers’ Retirement System now owns 9,745 shares of the textile maker valued at $882,000 after buying an additional 1,800 shares in the last quarter. 53.95% of the shares are currently held by institutional investors.
Columbia Sportswear Company Profile (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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