Columbia Sportswear Company Rating Lowered to Neutral at Zacks (COLM)
Columbia Sportswear Company (NASDAQ:COLM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a $89.10 price target on the stock. Zacks‘s target price would indicate a potential upside of 6.08% from the stock’s previous close.
COLM has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Columbia Sportswear Company from $75.00 to $80.00 in a research note on Tuesday, May 6th. They now have a “sector perform” rating on the stock. Separately, analysts at Davidson upgraded shares of Columbia Sportswear Company to a “buy” rating in a research note on Thursday, May 1st. Finally, analysts at Canaccord Genuity raised their price target on shares of Columbia Sportswear Company from $75.00 to $78.00 in a research note on Wednesday, April 30th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $78.44.
Columbia Sportswear Company (NASDAQ:COLM) traded up 1.62% during mid-day trading on Tuesday, hitting $83.99. The stock had a trading volume of 101,609 shares. Columbia Sportswear Company has a 1-year low of $55.58 and a 1-year high of $89.96. The stock’s 50-day moving average is $84.03 and its 200-day moving average is $81.02. The company has a market cap of $2.929 billion and a price-to-earnings ratio of 27.05.
Columbia Sportswear Company (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.30. The company had revenue of $424.10 million for the quarter, compared to the consensus estimate of $397.58 million. During the same quarter last year, the company posted $0.35 earnings per share. Columbia Sportswear Company’s revenue was up 21.8% compared to the same quarter last year. Analysts expect that Columbia Sportswear Company will post $3.40 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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