Columbia Sportswear Co. (NASDAQ:COLM) – Research analysts at FBR & Co issued their Q1 2017 earnings per share estimates for Columbia Sportswear in a note issued to investors on Wednesday. FBR & Co analyst S. Anderson forecasts that the brokerage will post earnings of $0.51 per share for the quarter. FBR & Co currently has a “Outperform” rating and a $68.00 target price on the stock. FBR & Co also issued estimates for Columbia Sportswear’s Q3 2017 earnings at $1.38 EPS, Q4 2017 earnings at $1.14 EPS and FY2018 earnings at $3.25 EPS.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $388.70 million during the quarter, compared to the consensus estimate of $392.02 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. Columbia Sportswear’s revenue was up 2.2% compared to the same quarter last year.
A number of other analysts have also issued reports on COLM. B. Riley reissued a “neutral” rating and issued a $64.00 price target on shares of Columbia Sportswear in a research report on Monday, August 1st. Citigroup Inc. dropped their price objective on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, July 29th. KeyCorp assumed coverage on Columbia Sportswear in a report on Thursday, September 22nd. They issued a “sector weight” rating on the stock. Brean Capital restated a “hold” rating on shares of Columbia Sportswear in a report on Monday, July 18th. Finally, Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Monday, July 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Columbia Sportswear has an average rating of “Hold” and an average price target of $63.50.
Columbia Sportswear (NASDAQ:COLM) traded down 0.32% during midday trading on Thursday, reaching $59.99. 213,650 shares of the company were exchanged. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 23.92 and a beta of 0.89. The firm’s 50-day moving average price is $56.64 and its 200 day moving average price is $57.38. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $66.00.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. purchased a new position in shares of Columbia Sportswear during the first quarter valued at 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 valued at $119,000 after buying an additional 272 shares during the period. 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 valued at $1,473,000 after buying an additional 3,578 shares during the period. 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 valued at $72,976,000 after buying an additional 680,868 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in shares of Columbia Sportswear by 76.1% in the first quarter. TimesSquare Capital Management LLC now owns 619,000 shares of the company’s stock valued at $37,196,000 after buying an additional 267,500 shares during the period. 36.55% of the stock is owned by hedge funds and other institutional investors.
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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