Canaccord Genuity set a $70.00 price objective on Columbia Sportswear Company (NASDAQ:COLM) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the stock.
Several other research firms also recently commented on COLM. B. Riley reissued a neutral rating and set a $64.00 target price on shares of Columbia Sportswear Company in a research report on Thursday, October 27th. Brean Capital reissued a hold rating on shares of Columbia Sportswear Company in a research report on Monday, October 31st. KeyCorp began coverage on shares of Columbia Sportswear Company in a research report on Thursday, September 22nd. They set a sector weight rating on the stock. Wedbush began coverage on shares of Columbia Sportswear Company in a research report on Tuesday, November 1st. They set an outperform rating and a $67.00 target price on the stock. Finally, Zacks Investment Research raised shares of Columbia Sportswear Company from a sell rating to a hold rating in a research report on Wednesday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $66.86.
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 55.60 on Friday. Columbia Sportswear Company has a 12 month low of $44.37 and a 12 month high of $63.55. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 23.05 and a beta of 0.75. The stock’s 50 day moving average price is $58.18 and its 200-day moving average price is $57.75.
Columbia Sportswear Company (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.01. Columbia Sportswear Company had a net margin of 7.23% and a return on equity of 11.42%. The business had revenue of $745.71 million for the quarter, compared to the consensus estimate of $770.47 million. During the same period in the prior year, the business posted $1.28 earnings per share. Columbia Sportswear Company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that Columbia Sportswear Company will post $2.63 earnings per share for the current fiscal year.
In related news, Director Sarah Bany sold 5,290 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $59.37, for a total value of $314,067.30. Following the completion of the transaction, the director now owns 1,579,136 shares of the company’s stock, valued at $93,753,304.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 62.12% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of COLM. BlackRock Inc. raised its stake in Columbia Sportswear Company by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock valued at $117,000 after buying an additional 50 shares during the last quarter. US Bancorp DE raised its stake in Columbia Sportswear Company by 3.5% in the third quarter. US Bancorp DE now owns 2,485 shares of the company’s stock valued at $141,000 after buying an additional 85 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Columbia Sportswear Company by 67.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,990 shares of the company’s stock valued at $170,000 after buying an additional 1,204 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Columbia Sportswear Company during the third quarter valued at $170,000. Finally, Advisor Group Inc. purchased a new stake in Columbia Sportswear Company during the second quarter valued at $172,000. 37.08% of the stock is owned by institutional investors.
About Columbia Sportswear Company
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.