Columbia Sportswear Co. (COLM) Earns “Buy” Rating from Goldman Sachs Group Inc.
Columbia Sportswear Co. (NASDAQ:COLM)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group Inc. in a report issued on Monday. They currently have a $71.00 target price on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 20.52% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $72.00 in a report on Tuesday, September 20th. Zacks Investment Research downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Brean Capital reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Thursday, September 22nd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Sunday, August 7th. Finally, FBR & Co lifted their target price on Columbia Sportswear from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. 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 company. The company has a consensus rating of “Hold” and an average target price of $63.50.
Columbia Sportswear (NASDAQ:COLM) traded up 1.60% during trading on Monday, hitting $59.13. 72,314 shares of the company traded hands. The stock has a 50 day moving average price of $56.26 and a 200 day moving average price of $57.37. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $66.00. The company has a market capitalization of $4.12 billion, a P/E ratio of 23.58 and a beta of 0.89.
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Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The firm had revenue of $388.70 million for the quarter, compared to the consensus estimate of $392.02 million. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) EPS. On average, equities analysts anticipate that Columbia Sportswear will post $2.67 earnings per share for the current year.
Several large investors have recently made changes to their positions in COLM. BlackRock Inc. boosted its stake 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 valued at $170,000 after buying an additional 1,204 shares in the last quarter. Advisor Group Inc. bought a new stake in shares of Columbia Sportswear during the second quarter valued at $172,000. Pacer Advisors Inc. bought a new stake in shares of Columbia Sportswear during the second quarter valued at $178,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Columbia Sportswear during the second quarter valued at $201,000. Hedge funds and other 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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