Columbia Sportswear Co. (COLM) Coverage Initiated by Analysts at Guggenheim
A number of other brokerages have also recently commented on COLM. Citigroup Inc. dropped their price target on Columbia Sportswear from $69.00 to $68.00 and set a buy rating for the company in a research note on Friday, July 29th. DA Davidson reiterated a buy rating and issued a $72.00 price target on shares of Columbia Sportswear in a research note on Monday, July 18th. B. Riley reiterated a neutral rating and issued a $64.00 price target on shares of Columbia Sportswear in a research note on Wednesday, July 27th. Canaccord Genuity raised Columbia Sportswear from a hold rating to a buy rating and raised their target price for the stock from $59.00 to $72.00 in a research report on Tuesday, September 20th. Finally, FBR & Co raised their target price on Columbia Sportswear from $62.00 to $68.00 and gave the stock an outperform rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $62.75.
Shares of Columbia Sportswear (NASDAQ:COLM) traded down 0.33% during mid-day trading on Friday, hitting $56.55. The stock had a trading volume of 17,423 shares. The stock has a 50 day moving average of $56.13 and a 200-day moving average of $57.49. Columbia Sportswear has a 52 week low of $43.56 and a 52 week high of $66.00. The stock has a market capitalization of $3.94 billion, a P/E ratio of 22.55 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The company earned $388.70 million during the quarter, compared to analysts’ expectations of $392.02 million. During the same period in the prior year, the company earned ($0.09) EPS. Columbia Sportswear’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Columbia Sportswear will post $2.67 earnings per share for the current year.
Several large investors have recently bought and sold shares of COLM. BlackRock Inc. boosted its stake in Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock worth $117,000 after buying an additional 50 shares during the period. Eqis Capital Management Inc. boosted its stake in Columbia Sportswear by 1.8% in the second quarter. Eqis Capital Management Inc. now owns 4,003 shares of the company’s stock worth $230,000 after buying an additional 72 shares during the period. Stifel Financial Corp boosted its stake in Columbia Sportswear by 7.4% in the second quarter. Stifel Financial Corp now owns 4,773 shares of the company’s stock worth $275,000 after buying an additional 327 shares during the period. Teacher Retirement System of Texas boosted its stake in Columbia Sportswear by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock worth $226,000 after buying an additional 485 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Columbia Sportswear by 14.4% in the second quarter. Glenmede Trust Co. NA now owns 4,051 shares of the company’s stock worth $233,000 after buying an additional 511 shares during the period. 36.55% of the stock is currently owned by institutional investors.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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