Analysts Offer Predictions for Columbia Sportswear Co.’s Q1 2017 Earnings (COLM)
Columbia Sportswear Co. (NASDAQ:COLM) – FBR & Co issued their Q1 2017 EPS estimates for shares of Columbia Sportswear in a research note issued on Wednesday. FBR & Co analyst S. Anderson expects that the brokerage will earn $0.51 per share for the quarter. FBR & Co has a “Outperform” rating and a $68.00 price objective on the stock. FBR & Co also issued estimates for Columbia Sportswear’s Q3 2017 earnings at $1.38 EPS, Q4 2017 earnings at $1.14 EPS and FY2018 earnings at $3.25 EPS.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping 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 business earned $388.70 million during the quarter, compared to analysts’ expectations of $392.02 million. During the same period in the prior year, the business earned ($0.09) EPS. Columbia Sportswear’s revenue for the quarter was up 2.2% compared to the same quarter last year.
Several other analysts have also weighed in on COLM. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Monday, July 4th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. DA Davidson reissued a “buy” rating and set a $72.00 price target on shares of Columbia Sportswear in a research note on Monday, July 18th. B. Riley reissued a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a research note on Wednesday, July 27th. Finally, Citigroup Inc. cut their price target on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.50.
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Columbia Sportswear (NASDAQ:COLM) traded up 0.33% during mid-day trading on Thursday, reaching $60.26. The company had a trading volume of 161,872 shares. The firm’s 50-day moving average is $56.47 and its 200-day moving average is $57.36. Columbia Sportswear has a one year low of $43.56 and a one year high of $66.00. The firm has a market capitalization of $4.20 billion, a P/E ratio of 24.03 and a beta of 0.89.
Several large investors have recently added to or reduced their stakes in COLM. BlackRock Inc. increased its stake in Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock valued at $117,000 after buying an additional 50 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Columbia Sportswear by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock valued at $230,000 after buying an additional 57 shares in the last quarter. Stifel Financial Corp increased its stake in Columbia Sportswear by 7.4% in the second quarter. Stifel Financial Corp now owns 4,773 shares of the company’s stock valued at $275,000 after buying an additional 327 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Columbia Sportswear by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock valued at $226,000 after buying an additional 485 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Columbia Sportswear by 14.4% in the second quarter. Glenmede Trust Co. NA now owns 4,051 shares of the company’s stock valued at $233,000 after buying an additional 511 shares in the last quarter. 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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