Goldman Sachs Group Inc. reissued their buy rating on shares of Columbia Sportswear Co. (NASDAQ:COLM) in a research note published on Monday. Goldman Sachs Group Inc. currently has a $71.00 target price on the stock.

COLM has been the topic of a number of other research reports. Canaccord Genuity upgraded shares of Columbia Sportswear from a hold rating to a buy rating and upped their target price for the company from $59.00 to $72.00 in a research note on Tuesday, September 20th. Zacks Investment Research lowered shares of Columbia Sportswear from a hold rating to a sell rating in a research note on Wednesday, September 28th. Brean Capital restated a hold rating on shares of Columbia Sportswear in a research note on Thursday, September 22nd. Guggenheim started coverage on shares of Columbia Sportswear in a research note on Friday, September 30th. They issued a buy rating and a $71.00 target price on the stock. Finally, KeyCorp started coverage on shares of Columbia Sportswear in a research note on Thursday, September 22nd. They issued a sector weight rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Columbia Sportswear presently has a consensus rating of Hold and a consensus price target of $63.50.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

Shares of Columbia Sportswear (NASDAQ:COLM) traded down 0.02% during midday trading on Monday, reaching $59.31. 57,198 shares of the company were exchanged. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 23.65 and a beta of 0.89. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $66.00. The company’s 50-day moving average price is $56.32 and its 200 day moving average price is $57.33.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $388.70 million for the quarter, compared to analyst estimates of $392.02 million. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) EPS. On average, equities analysts predict that Columbia Sportswear will post $2.67 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlanta Capital Management Co. L L C raised its position in shares of Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock valued at $190,738,000 after buying an additional 594,627 shares during the period. Vanguard Group Inc. raised its position in shares of Columbia Sportswear by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,000,962 shares of the company’s stock valued at $115,135,000 after buying an additional 51,776 shares during the period. JPMorgan Chase & Co. raised its position in shares of Columbia Sportswear by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 1,214,448 shares of the company’s stock valued at $72,976,000 after buying an additional 680,868 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Columbia Sportswear by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,098,115 shares of the company’s stock valued at $63,186,000 after buying an additional 181,853 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Columbia Sportswear by 24.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 758,396 shares of the company’s stock valued at $43,638,000 after buying an additional 150,132 shares during the period. Institutional investors own 36.55% of the company’s stock.

About Columbia Sportswear

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.

5 Day Chart for NASDAQ:COLM

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