Columbia Sportswear (COLM) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS
Columbia Sportswear (NASDAQ:COLM) announced its earnings results on Thursday. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.13, Stock Ratings Network reports. The company had revenue of $523.10 million for the quarter, compared to the consensus estimate of $514.20 million.
In other Columbia Sportswear news, COO Bryan Timm sold 5,430 shares of the stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $63.18, for a total transaction of $343,067.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Columbia Sportswear (NASDAQ:COLM) traded up 3.76% during mid-day trading on Thursday, hitting $65.20. 63,597 shares of the company’s stock traded hands. Columbia Sportswear has a 1-year low of $47.72 and a 1-year high of $66.69. The stock has a 50-day moving average of $60.03 and a 200-day moving average of $59.97. The company has a market cap of $2.244 billion and a price-to-earnings ratio of 20.25.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. On a related note, analysts at Zacks downgraded shares of Columbia Sportswear from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $67.50 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.55.
Columbia Sportswear Company is a family-owned, regional hat distributor. The Company is engaged in the design, sourcing, marketing and distribution of active outdoor apparel, footwear, accessories and equipment.
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