Columbia Sportswear Co. (NASDAQ:COLM) – Equities researchers at FBR & Co boosted their Q3 2016 EPS estimates for shares of Columbia Sportswear in a note issued to investors on Wednesday. FBR & Co analyst S. Anderson now forecasts that the firm will post earnings of $1.17 per share for the quarter, up from their previous estimate of $1.15. FBR & Co currently has a “Outperform” rating and a $68.00 price target on the stock. FBR & Co also issued estimates for Columbia Sportswear’s Q4 2016 earnings at $1.17 EPS and Q2 2017 earnings at ($0.06) EPS.
Several other research firms have also commented on COLM. Goldman Sachs Group Inc. raised Columbia Sportswear from a “buy” rating to a “conviction-buy” rating in a research report on Friday, October 7th. Citigroup Inc. cut their price objective on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. DA Davidson reissued a “buy” rating and issued a $72.00 price objective on shares of Columbia Sportswear in a research report on Monday, July 18th. B. Riley reissued a “neutral” rating and issued a $64.00 price objective on shares of Columbia Sportswear in a research report on Wednesday, July 27th. Finally, Guggenheim initiated coverage on Columbia Sportswear in a research report on Friday, September 30th. They issued a “buy” rating and a $71.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $63.50.
Shares of Columbia Sportswear (NASDAQ:COLM) opened at 59.99 on Friday. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $66.00. The stock has a 50 day moving average price of $56.64 and a 200 day moving average price of $57.38. The stock has a market capitalization of $4.18 billion, a P/E ratio of 23.92 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The business 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 business earned ($0.09) EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of COLM. BlackRock Inc. increased 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. BNP Paribas Arbitrage SA increased its position in shares of Columbia Sportswear by 67.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,990 shares of the company’s stock worth $170,000 after buying an additional 1,204 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth approximately $172,000. Pacer Advisors Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth approximately $178,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Columbia Sportswear during the second quarter worth approximately $201,000. Institutional investors own 36.55% of the company’s stock.
Columbia Sportswear Company Profile
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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