A number of other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc. reiterated a buy rating and set a $71.00 target price on shares of Columbia Sportswear in a report on Monday, October 10th. Guggenheim began coverage on Columbia Sportswear in a report on Friday, September 30th. They set a buy rating and a $71.00 target price for the company. Zacks Investment Research cut Columbia Sportswear from a hold rating to a sell rating in a report on Wednesday, September 28th. Brean Capital reiterated a hold rating on shares of Columbia Sportswear in a report on Thursday, September 22nd. Finally, KeyCorp began coverage on Columbia Sportswear in a report on Thursday, September 22nd. They set a sector weight rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $63.50.
Columbia Sportswear (NASDAQ:COLM) traded up 0.65% during trading on Tuesday, hitting $60.50. The stock had a trading volume of 7,710 shares. The stock has a 50 day moving average price of $56.78 and a 200 day moving average price of $57.31. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $66.00. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 24.12 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. The business earned $388.70 million during the quarter, compared to analysts’ expectations of $392.02 million. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. Equities research analysts forecast that Columbia Sportswear will post $2.67 earnings per share for the current year.
A number of large investors have recently modified their holdings of COLM. Silvercrest Asset Management Group LLC bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $36,550,000. Atlanta Capital Management Co. L L C increased its stake in shares of Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock valued at $190,738,000 after buying an additional 594,627 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Columbia Sportswear by 300.0% in the first quarter. Goldman Sachs Group Inc. now owns 475,516 shares of the company’s stock valued at $28,574,000 after buying an additional 356,630 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Columbia Sportswear by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,098,115 shares of the company’s stock valued at $63,186,000 after buying an additional 181,853 shares during the period. Finally, Friess Associates LLC bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $10,018,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.
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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