FBR & Co Equities Analysts Lift Earnings Estimates for Columbia Sportswear Company (COLM)
Columbia Sportswear Company (NASDAQ:COLM) – Equities research analysts at FBR & Co raised their FY2017 EPS estimates for Columbia Sportswear in a report issued on Monday. FBR & Co analyst S. Anderson now expects that the textile maker will earn $2.80 per share for the year, up from their prior forecast of $2.79.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Monday. Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Buckingham Research reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of Columbia Sportswear in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) downgraded shares of Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Finally, Forward View downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $63.83.
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Shares of Columbia Sportswear (NASDAQ:COLM) traded up 0.21% during mid-day trading on Tuesday, hitting $56.77. 9,105 shares of the stock traded hands. The stock has a 50-day moving average of $56.66 and a 200 day moving average of $56.38. The stock has a market cap of $3.95 billion, a PE ratio of 20.42 and a beta of 0.79. Columbia Sportswear has a one year low of $51.56 and a one year high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. Columbia Sportswear had a net margin of 8.19% and a return on equity of 12.80%. The company had revenue of $543.80 million during the quarter, compared to analysts’ expectations of $533.82 million. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 3.6% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of the company. Creative Planning boosted its position in Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock valued at $162,000 after buying an additional 17 shares during the period. HL Financial Services LLC boosted its position in Columbia Sportswear by 0.9% in the first quarter. HL Financial Services LLC now owns 4,022 shares of the textile maker’s stock valued at $236,000 after buying an additional 35 shares during the period. Envestnet Asset Management Inc. boosted its position in Columbia Sportswear by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 8,093 shares of the textile maker’s stock valued at $476,000 after buying an additional 66 shares during the period. Stifel Financial Corp boosted its position in Columbia Sportswear by 4.7% in the first quarter. Stifel Financial Corp now owns 3,960 shares of the textile maker’s stock valued at $233,000 after buying an additional 176 shares during the period. Finally, Prudential Financial Inc. boosted its position in Columbia Sportswear by 6.6% in the first quarter. Prudential Financial Inc. now owns 4,868 shares of the textile maker’s stock valued at $286,000 after buying an additional 300 shares during the period. 39.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Edward S. George sold 1,776 shares of Columbia Sportswear stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $53.59, for a total transaction of $95,175.84. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $107,180. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 58.86% of the stock is owned by insiders.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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