Columbia Sportswear Co. Reaches New 12-Month High at $80.00 (COLM)
Columbia Sportswear (NASDAQ:COLM)’s share price reached a new 52-week high on Monday, AnalystRatingsNetwork reports. The company traded as high as $80.00 and last traded at $78.74, with a volume of 65,326 shares traded. The stock had previously closed at $79.88.
A number of analysts have recently weighed in on COLM shares. Analysts at Bank of America Corp. reiterated a “sell” rating on shares of Columbia Sportswear in a research note to investors on Friday, December 27th. They now have a $58.00 price target on the stock, up previously from $50.00. Separately, analysts at Susquehanna raised their price target on shares of Columbia Sportswear from $57.00 to $64.00 in a research note to investors on Monday, October 28th. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Columbia Sportswear from $50.00 to $58.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $60.45.
Columbia Sportswear has a one year low of $47.72 and a one year high of $79.89. The stock’s 50-day moving average is $73.18 and its 200-day moving average is $64.84. The company has a market cap of $2.723 billion and a P/E ratio of 28.41.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 24th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $523.10 million for the quarter, compared to the consensus estimate of $514.20 million. During the same quarter in the prior year, the company posted $1.88 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts expect that Columbia Sportswear will post $2.58 EPS for the current fiscal year.
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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