Columbia Sportswear (NASDAQ:COLM) was upgraded by equity research analysts Seaport Res Ptn from a “neutral” rating to a “buy” rating in a report on Friday, Zacks.com reports. Seaport Res Ptn also released estimates for Columbia Sportswear’s fiscal year 2022 earnings at $5.50 EPS, fiscal year 2023 earnings at $6.22 EPS and fiscal year 2024 earnings at $6. $71 EPS.
Other analysts have also recently released reports on the stock. Robert W. Baird downgraded shares of Columbia Sportswear from an “outperform” rating to a “neutral” rating and lowered his price target for the company from $130.00 to $107.00 in a Tuesday report January 4. Bank of America downgraded shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered its price target for the company from $137.00 to $108.00 in a Tuesday, October 5 report . Zacks Investment Research downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating and set a price target of $104.00 for the stock. in a report on Tuesday, January 4. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4. Finally, Stifel Nicolaus downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating and lowered his price target for the company from $126.00 to $111.00 in a Thursday 16 report. December. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and an average target price of $112.67.
Shares of NASDAQ COLM opened at $89.94 on Friday. The company’s fifty-day moving average price is $95.66 and its 200-day moving average price is $99.03. Columbia Sportswear has a 1-year minimum of $85.82 and a 1-year maximum of $114.98. The company has a market capitalization of $5.87 billion, a PE ratio of 20.39, a growth price-earnings ratio of 0.51 and a beta of 0.90.
Columbia Sportswear Inc (NASDAQ:COLM) last reported quarterly results on Thursday, October 28. The textile maker reported earnings per share (EPS) of $1.52 for the quarter, beating the Zacks consensus estimate of $1.31 by $0.21. Columbia Sportswear had a net margin of 10.06% and a return on equity of 15.74%. The company posted revenue of $804.70 million for the quarter, versus a consensus estimate of $862.03 million. In the same period a year earlier, the company posted earnings of $0.94 per share. The company’s quarterly revenue increased by 14.8% compared to the same quarter last year. As a group, stock analysts predict Columbia Sportswear will post earnings per share of 4.72 for the current fiscal year.
In other news, Director Walter Klenz sold 1,192 shares in a trade dated Friday, November 12. The shares were sold at an average price of $105.97, for a total value of $126,316.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. 41.15% of the shares are held by company insiders.
Several hedge funds and other institutional investors have recently changed their holdings in COLM. Principal Financial Group Inc. increased its position in Columbia Sportswear shares by 4.1% in the second quarter. Principal Financial Group Inc. now owns 109,207 shares of the textile maker valued at $10,742,000 after buying an additional 4,299 shares in the last quarter. BlackRock Inc. increased its position in Columbia Sportswear by 0.5% during the second quarter. BlackRock Inc. now owns 3,243,958 shares of the textile maker worth $319,076,000 after buying an additional 15,659 shares in the last quarter. Bank of New York Mellon Corp increased its position in Columbia Sportswear by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 311,522 shares of the textile maker worth $30,642,000 after buying 10,608 additional shares in the last quarter. Commonwealth Equity Services LLC increased its position in Columbia Sportswear by 16.4% during the second quarter. Commonwealth Equity Services LLC now owns 3,629 shares of the textile maker worth $357,000 after buying an additional 510 shares in the last quarter. Finally, Xponance Inc. increased its position in Columbia Sportswear by 23.1% during the second quarter. Xponance Inc. now owns 3,928 shares of the textile maker worth $386,000 after buying 737 additional shares in the last quarter. Institutional investors and hedge funds own 52.84% of the company’s shares.
Columbia Sportswear Company Profile
Columbia Sportswear Co engages in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canada.
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