Columbia Sportswear (NASDAQ:COLM) had its target price boosted by equities research analysts at Bank of America from $75.00 to $76.00 in a note issued to investors on Monday, February 5th. The brokerage presently has a “neutral” rating on the textile maker’s stock. Bank of America’s target price would suggest a potential upside of 1.79% from the stock’s previous close.
COLM has been the topic of several other research reports. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Tuesday, January 2nd. BidaskClub cut shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Robert W. Baird reissued a “buy” rating and set a $68.00 price target on shares of Columbia Sportswear in a research report on Sunday, October 22nd. Guggenheim reissued a “buy” rating and set a $75.00 price target on shares of Columbia Sportswear in a research report on Friday, December 15th. Finally, Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Columbia Sportswear currently has an average rating of “Buy” and an average target price of $76.87.
Shares of Columbia Sportswear (COLM) traded up $1.36 on Monday, reaching $74.66. 426,600 shares of the company’s stock traded hands, compared to its average volume of 252,746. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $79.21. The firm has a market cap of $5,121.95, a PE ratio of 50.11, a PEG ratio of 2.17 and a beta of 0.95.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.16. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $762.18 million. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.73%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. sell-side analysts expect that Columbia Sportswear will post 3.25 EPS for the current fiscal year.
In related news, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 58.86% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Columbia Sportswear by 8.8% during the second quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock worth $31,254,000 after buying an additional 43,315 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Columbia Sportswear by 13.7% during the third quarter. Russell Investments Group Ltd. now owns 206,632 shares of the textile maker’s stock worth $12,724,000 after buying an additional 24,950 shares during the period. Legal & General Group Plc increased its stake in shares of Columbia Sportswear by 43.8% during the third quarter. Legal & General Group Plc now owns 14,887 shares of the textile maker’s stock worth $916,000 after buying an additional 4,535 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Columbia Sportswear by 8.8% during the third quarter. Deprince Race & Zollo Inc. now owns 481,183 shares of the textile maker’s stock worth $29,631,000 after buying an additional 38,786 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Columbia Sportswear by 14.8% during the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock worth $66,046,000 after buying an additional 137,900 shares during the period. Hedge funds and other institutional investors own 38.32% of the company’s stock.
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About Columbia Sportswear
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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