Columbia Sportswear (NASDAQ:COLM) – Investment analysts Seaport Res Ptn raised their fiscal 2022 earnings per share estimates for Columbia Sportswear in a research note released Friday, January 28. Seaport Res Ptn analyst Mr. Kummetz now expects the textile maker to post earnings per share of $5.50 for the year, up from its previous estimate of $5.40. Seaport Res Ptn has a “Buy” rating on the stock. Seaport Res Ptn also released estimates for Columbia Sportswear‘s fiscal year 2023 earnings at $6.22 EPS and fiscal year 2024 earnings at $6.71 EPS. 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 consensus analyst estimates 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. During the same quarter last year, the company posted EPS of $0.94. The company’s quarterly revenue increased by 14.8% compared to the same quarter last year.
COLM has been the subject of a number of other reports. Robert W. Baird downgraded 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 research note January 4. Wolfe Research downgraded Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating and set a price target of $104.00 for the company. in a research report on Tuesday, January 4. Stifel Nicolaus downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and reduced his price target for the stock from $126.00 to $111.00 in a Thursday, Dec. 16 research report. Finally, Bank of America downgraded shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $137.00 to $108.00 in a research report Tuesday, October 5. One research analyst gave the stock a sell rating, five gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat, 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 Monday. 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 P/E ratio of 20.39, a P/E/G ratio of 0.51 and a beta of 0.90. The company’s 50-day simple moving average is $95.66 and its two-hundred-day simple moving average is $99.01.
In related news, the director Walter Klenz sold 1,192 shares of the company in a transaction that took place on Friday, November 12. The stock was sold at an average price of $105.97, for a total transaction of $126,316.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders hold 41.15% of the shares of the company.
Several large investors have recently changed their stake in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $43,000. NN Investment Partners Holdings NV purchased a new stake in shares of Columbia Sportswear in the fourth quarter valued at approximately $1,404,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Columbia Sportswear in the fourth quarter valued at around $990,000. RMB Capital Management LLC raised its position in Columbia Sportswear shares by 2.1% in the fourth quarter. RMB Capital Management LLC now owns 156,731 shares of the textile maker valued at $15,272,000 after buying 3,227 additional shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in Columbia Sportswear shares by 251.4% in the fourth quarter. The New York State Teachers’ Retirement System now owns 7,945 shares of the textile maker valued at $774,000 after buying an additional 5,684 shares last quarter. 52.84% of the shares are currently held by institutional investors and hedge funds.
About Columbia Sportswear
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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