Macquarie set a $118.00 target price on Columbia Sportswear (NASDAQ:COLM) in a research note issued to investors on Friday. The firm currently has a buy rating on the textile maker’s stock.

Several other equities analysts also recently weighed in on COLM. Buckingham Research increased their target price on Columbia Sportswear from $84.00 to $85.00 and gave the stock a neutral rating in a research report on Wednesday, October 17th. Pivotal Research set a $94.00 target price on Columbia Sportswear and gave the stock a hold rating in a research report on Wednesday, October 24th. Stifel Nicolaus upgraded Columbia Sportswear from a hold rating to a buy rating and increased their target price for the stock from $93.00 to $103.00 in a research report on Friday, October 26th. Canaccord Genuity increased their target price on Columbia Sportswear from $89.00 to $93.00 and gave the stock a hold rating in a research report on Friday, October 26th. Finally, BidaskClub upgraded Columbia Sportswear from a hold rating to a buy rating in a research report on Thursday, November 1st. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $106.53.

NASDAQ COLM opened at $106.86 on Friday. Columbia Sportswear has a twelve month low of $70.36 and a twelve month high of $109.74. The stock has a market cap of $7.37 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.41. Columbia Sportswear had a return on equity of 16.83% and a net margin of 9.57%. The firm had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. During the same period in the prior year, the business posted $1.31 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts predict that Columbia Sportswear will post 4.36 EPS for the current fiscal year.

In other news, Director Sarah Bany sold 19,946 shares of the stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total value of $1,773,398.86. Following the completion of the sale, the director now owns 11,610 shares in the company, valued at $1,032,245.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 56.68% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Columbia Sportswear by 3.0% in the fourth quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock valued at $114,588,000 after buying an additional 39,573 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Columbia Sportswear by 38.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,026 shares of the textile maker’s stock valued at $591,000 after buying an additional 1,948 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Columbia Sportswear by 6.3% in the fourth quarter. Acadian Asset Management LLC now owns 1,048,107 shares of the textile maker’s stock valued at $88,138,000 after buying an additional 62,346 shares in the last quarter. Crown Advisors Management Inc. acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $2,943,000. Finally, First Trust Advisors LP grew its stake in shares of Columbia Sportswear by 13.9% in the fourth quarter. First Trust Advisors LP now owns 61,313 shares of the textile maker’s stock valued at $5,156,000 after buying an additional 7,482 shares in the last quarter. Institutional investors and hedge funds own 37.21% of the company’s stock.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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