Columbia Sportswear Company (NASDAQ:COLM)‘s stock had its “neutral” rating restated by investment analysts at Canaccord Genuity in a report issued on Wednesday.

COLM has been the topic of several other reports. B. Riley reissued a “neutral” rating and set a $61.00 target price on shares of Columbia Sportswear in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Monday, April 3rd. Cowen and Company set a $58.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Buckingham Research reissued a “neutral” rating and set a $58.00 target price on shares of Columbia Sportswear in a research note on Monday, July 17th. Finally, Forward View lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Columbia Sportswear has an average rating of “Hold” and an average target price of $63.83.

Columbia Sportswear (NASDAQ:COLM) opened at 57.40 on Wednesday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 20.65 and a beta of 0.79. The company’s 50-day moving average price is $56.66 and its 200 day moving average price is $56.38. Columbia Sportswear has a 52-week low of $51.56 and a 52-week 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, beating 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 for the quarter, compared to analyst estimates of $533.82 million. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Columbia Sportswear will post $2.80 earnings per share for the current fiscal year.

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In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $53.59, for a total value of $95,175.84. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $107,180. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 58.86% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the last quarter. Intrust Bank NA increased its stake in Columbia Sportswear by 0.6% in the third quarter. Intrust Bank NA now owns 3,885 shares of the textile maker’s stock worth $221,000 after buying an additional 22 shares during the last quarter. HL Financial Services LLC increased its stake 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 worth $236,000 after buying an additional 35 shares during 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 textile maker’s stock worth $230,000 after buying an additional 57 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Columbia Sportswear by 1.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,933 shares of the textile maker’s stock worth $228,000 after buying an additional 57 shares during the last quarter. Institutional investors own 39.60% 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 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.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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