Other equities research analysts have also recently issued research reports about the stock. B. Riley reiterated a neutral rating and set a $64.00 price target on shares of Columbia Sportswear in a report on Wednesday, July 27th. Credit Suisse Group AG reiterated a hold rating on shares of Columbia Sportswear in a report on Sunday, August 7th. Zacks Investment Research upgraded shares of Columbia Sportswear from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Monday, July 4th. Brean Capital reiterated a hold rating on shares of Columbia Sportswear in a report on Monday, July 18th. Finally, DA Davidson restated a buy rating and set a $72.00 price objective on shares of Columbia Sportswear in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Columbia Sportswear currently has a consensus rating of Hold and a consensus price target of $62.75.
Columbia Sportswear (NASDAQ:COLM) traded down 0.33% during midday trading on Friday, hitting $56.55. 17,423 shares of the company were exchanged. The stock has a 50 day moving average of $56.13 and a 200-day moving average of $57.49. Columbia Sportswear has a 1-year low of $43.56 and a 1-year high of $66.00. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 22.55 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The firm had revenue of $388.70 million for the quarter, compared to analysts’ expectations of $392.02 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Columbia Sportswear will post $2.67 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Columbia Sportswear during the fourth quarter worth approximately $12,205,000. Prudential Financial Inc. acquired a new position in shares of Columbia Sportswear during the first quarter worth approximately $482,000. BlackRock Inc. boosted its position in shares of Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock worth $119,000 after buying an additional 272 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Columbia Sportswear by 17.1% in the first quarter. BlackRock Group LTD now owns 24,523 shares of the company’s stock worth $1,473,000 after buying an additional 3,578 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Columbia Sportswear by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 1,214,448 shares of the company’s stock worth $72,976,000 after buying an additional 680,868 shares during the last quarter. 36.55% of the stock is owned by institutional investors and hedge funds.
About Columbia Sportswear
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.
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