FBR & Co Weighs in on Columbia Sportswear Co.’s Q3 2016 Earnings (COLM)
Columbia Sportswear Co. (NASDAQ:COLM) – Investment analysts at FBR & Co boosted their Q3 2016 earnings estimates for Columbia Sportswear in a research note issued on Wednesday. FBR & Co analyst S. Anderson now anticipates that the brokerage will post earnings per share of $1.17 for the quarter, up from their prior estimate of $1.15. FBR & Co has a “Outperform” rating and a $68.00 price target on the stock. FBR & Co also issued estimates for Columbia Sportswear’s Q4 2016 earnings at $1.17 EPS and Q2 2017 earnings at ($0.06) EPS.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. The business had revenue of $388.70 million for the quarter, compared to analysts’ expectations of $392.02 million. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share.
A number of other research analysts also recently commented on COLM. B. Riley reissued a “neutral” rating and issued a $64.00 price objective on shares of Columbia Sportswear in a research report on Monday, August 1st. Citigroup Inc. decreased their price objective on shares of Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, July 29th. KeyCorp assumed coverage on shares of Columbia Sportswear in a research report on Thursday, September 22nd. They issued a “sector weight” rating for the company. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. Finally, Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, July 4th. 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $63.50.
Shares of Columbia Sportswear (NASDAQ:COLM) opened at 59.99 on Friday. The company has a 50-day moving average of $56.64 and a 200-day moving average of $57.38. The company has a market cap of $4.18 billion, a PE ratio of 23.92 and a beta of 0.89. Columbia Sportswear has a 1-year low of $43.56 and a 1-year high of $66.00.
Several institutional investors have recently modified their holdings of COLM. UBS Group AG boosted its position in shares of Columbia Sportswear by 29.3% in the first quarter. UBS Group AG now owns 30,242 shares of the company’s stock valued at $1,817,000 after buying an additional 6,855 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $226,000. State Street Corp raised its stake in shares of Columbia Sportswear by 0.3% in the first quarter. State Street Corp now owns 472,600 shares of the company’s stock valued at $28,391,000 after buying an additional 1,520 shares during the period. Cypress Wealth Advisors LLC bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $230,000. Finally, Zebra Capital Management LLC raised its stake in shares of Columbia Sportswear by 41.0% in the first quarter. Zebra Capital Management LLC now owns 50,054 shares of the company’s stock valued at $3,008,000 after buying an additional 14,560 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.
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