Macquarie set a $118.00 price target on Columbia Sportswear (NASDAQ:COLM) in a research report released on Friday. The firm currently has a buy rating on the textile maker’s stock.
A number of other research analysts have also issued reports on the company. DA Davidson boosted their target price on Columbia Sportswear to $116.00 and gave the company a buy rating in a report on Friday. Robert W. Baird boosted their target price on Columbia Sportswear from $95.00 to $120.00 and gave the company an outperform rating in a report on Friday. Canaccord Genuity reissued a hold rating and issued a $104.00 target price (up previously from $93.00) on shares of Columbia Sportswear in a report on Friday. Guggenheim reissued a buy rating and issued a $120.00 target price on shares of Columbia Sportswear in a report on Thursday. Finally, Zacks Investment Research raised Columbia Sportswear from a hold rating to a strong-buy rating and set a $107.00 target price on the stock in a report on Thursday. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $106.53.
Shares of 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 company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.25 and a beta of 0.68.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $917.60 million during the quarter, compared to analysts’ expectations of $859.06 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts expect that Columbia Sportswear will post 4.36 EPS for the current year.
In related news, Director Sarah Bany sold 19,946 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total transaction of $1,773,398.86. Following the transaction, the director now owns 11,610 shares of the company’s stock, valued at $1,032,245.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 56.68% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Columbia Sportswear by 3.0% during the fourth quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock worth $114,588,000 after acquiring an additional 39,573 shares during the period. PNC Financial Services Group Inc. grew its holdings in Columbia Sportswear by 38.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,026 shares of the textile maker’s stock worth $591,000 after acquiring an additional 1,948 shares during the period. Acadian Asset Management LLC grew its holdings in Columbia Sportswear by 6.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,048,107 shares of the textile maker’s stock worth $88,138,000 after acquiring an additional 62,346 shares during the period. Crown Advisors Management Inc. acquired a new position in Columbia Sportswear during the fourth quarter worth $2,943,000. Finally, First Trust Advisors LP grew its holdings in Columbia Sportswear by 13.9% during the fourth quarter. First Trust Advisors LP now owns 61,313 shares of the textile maker’s stock worth $5,156,000 after acquiring an additional 7,482 shares during the period. 37.21% of the stock is currently owned by hedge funds and other institutional investors.
About Columbia Sportswear
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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