Columbia Sportswear Co. (COLM) Rating Reiterated by Goldman Sachs Group Inc.
Columbia Sportswear Co. (NASDAQ:COLM)‘s stock had its “buy” rating reiterated by stock analysts at Goldman Sachs Group Inc. in a report issued on Monday. They currently have a $71.00 price objective on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 20.52% from the company’s previous close.
COLM has been the subject of several other reports. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, July 4th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a report on Monday, July 18th. DA Davidson reissued a “buy” rating and set a $72.00 price target on shares of Columbia Sportswear in a report on Monday, July 18th. B. Riley reissued a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a report on Wednesday, July 27th. Finally, FBR & Co lifted their price target on Columbia Sportswear from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.50.
Shares of Columbia Sportswear (NASDAQ:COLM) traded up 1.87% during mid-day trading on Monday, reaching $59.29. The company’s stock had a trading volume of 79,706 shares. The firm has a 50 day moving average price of $56.26 and a 200 day moving average price of $57.37. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 23.64 and a beta of 0.89. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $66.00.
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Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The company earned $388.70 million during the quarter, compared to analysts’ expectations of $392.02 million. During the same period last year, the firm posted ($0.09) earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that Columbia Sportswear will post $2.67 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Columbia Sportswear by 0.3% in the first quarter. State Street Corp now owns 472,600 shares of the company’s stock valued at $28,391,000 after buying an additional 1,520 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in Columbia Sportswear during the first quarter valued at $36,550,000. Goldman Sachs Group Inc. increased its stake in Columbia Sportswear by 300.0% in the first quarter. Goldman Sachs Group Inc. now owns 475,516 shares of the company’s stock valued at $28,574,000 after buying an additional 356,630 shares during the period. M&T Bank Corp purchased a new stake in Columbia Sportswear during the first quarter valued at $408,000. Finally, Moody Aldrich Partners LLC increased its stake in Columbia Sportswear by 134.7% in the second quarter. Moody Aldrich Partners LLC now owns 16,655 shares of the company’s stock valued at $958,000 after buying an additional 9,560 shares during the period. 36.55% of the stock is currently owned by 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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