Columbia Sportswear Co. (COLM) Upgraded at Goldman Sachs Group Inc.
Columbia Sportswear Co. (NASDAQ:COLM) was upgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a report released on Friday.
A number of other research analysts also recently commented on the company. Brean Capital reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Monday, July 18th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Sunday, August 7th. KeyCorp assumed coverage on Columbia Sportswear in a report on Thursday, September 22nd. They set a “sector weight” rating on the stock. Finally, B. Riley reaffirmed a “neutral” rating and set a $64.00 target price on shares of Columbia Sportswear in a report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Columbia Sportswear presently has an average rating of “Hold” and a consensus target price of $62.75.
Columbia Sportswear (NASDAQ:COLM) traded up 2.68% during mid-day trading on Friday, reaching $58.20. 300,547 shares of the company were exchanged. Columbia Sportswear has a 1-year low of $43.56 and a 1-year high of $66.00. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 23.21 and a beta of 0.89. The stock’s 50-day moving average price is $56.22 and its 200-day moving average price is $57.38.
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Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The firm earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. During the same quarter last year, the firm earned ($0.09) EPS. Columbia Sportswear’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Columbia Sportswear will post $2.67 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. acquired a new stake in shares of Columbia Sportswear during the first quarter valued at $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 currently owned by hedge funds and other institutional investors.
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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