Citigroup reissued their buy rating on shares of Columbia Sportswear (NASDAQ:COLM) in a research report report published on Tuesday, December 19th. The firm currently has a $82.00 price target on the textile maker’s stock.
A number of other research analysts have also commented on the company. DA Davidson set a $77.00 price target on Columbia Sportswear and gave the company a buy rating in a research report on Tuesday, December 5th. Zacks Investment Research raised Columbia Sportswear from a sell rating to a hold rating in a research report on Friday, October 20th. Stifel Nicolaus set a $74.00 price target on Columbia Sportswear and gave the company a hold rating in a research report on Friday, December 15th. Pivotal Research reaffirmed a buy rating and set a $74.00 price target (up previously from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. Finally, Goldman Sachs Group lowered Columbia Sportswear from a buy rating to a neutral rating and set a $78.00 target price for the company. in a research report on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $70.86.
Shares of Columbia Sportswear (NASDAQ COLM) opened at $73.50 on Tuesday. The firm has a market capitalization of $5,140.00, a PE ratio of 26.34, a P/E/G ratio of 2.43 and a beta of 0.89. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $73.59.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. Columbia Sportswear’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS. analysts forecast that Columbia Sportswear will post 2.7 EPS for the current year.
In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the sale, the director now directly owns 1,089 shares in the company, valued at approximately $67,169.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter Klenz sold 11,608 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.05, for a total value of $766,708.40. Following the sale, the director now owns 21,619 shares in the company, valued at $1,427,934.95. The disclosure for this sale can be found here. 58.86% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of COLM. Ameritas Investment Partners Inc. boosted its stake in Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 234 shares during the last quarter. Advisor Group Inc. boosted its stake in Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 339 shares during the last quarter. US Bancorp DE boosted its stake in Columbia Sportswear by 36.1% during the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 946 shares during the last quarter. Invictus RG purchased a new stake in Columbia Sportswear during the 3rd quarter valued at $207,000. Finally, Amalgamated Bank purchased a new stake in Columbia Sportswear during the 2nd quarter valued at $214,000. Institutional investors and hedge funds own 38.68% of the company’s stock.
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Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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