Columbia Sportswear Company (COLM) Given “Buy” Rating at Robert W. Baird
Columbia Sportswear Company (NASDAQ:COLM)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a report released on Sunday. They presently have a $68.00 price objective on the textile maker’s stock. Robert W. Baird’s target price points to a potential upside of 15.18% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Monday, August 21st. Stifel Nicolaus set a $60.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Sunday, July 30th. Canaccord Genuity set a $60.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Buckingham Research reiterated a “neutral” rating and issued a $58.00 price target on shares of Columbia Sportswear in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $63.83.
Shares of Columbia Sportswear (NASDAQ COLM) opened at 59.04 on Friday. The company has a market capitalization of $4.12 billion, a P/E ratio of 21.52 and a beta of 0.81. The firm has a 50-day moving average of $58.20 and a 200 day moving average of $57.04. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The business had revenue of $398.90 million during the quarter, compared to analyst estimates of $394.53 million. During the same period in the prior year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Columbia Sportswear will post $2.79 earnings per share for the current year.
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In other Columbia Sportswear news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.90, for a total transaction of $379,181.60. Following the completion of the sale, the director now directly owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.86% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Columbia Sportswear by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock valued at $162,716,000 after purchasing an additional 28,381 shares in the last quarter. BlackRock Inc. increased its stake in Columbia Sportswear by 6.0% during the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after purchasing an additional 98,264 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock valued at $95,276,000 after purchasing an additional 131,329 shares in the last quarter. Victory Capital Management Inc. increased its stake in Columbia Sportswear by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 934,620 shares of the textile maker’s stock valued at $54,264,000 after purchasing an additional 24,325 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Columbia Sportswear by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock valued at $41,631,000 after purchasing an additional 6,371 shares in the last quarter. Institutional investors and hedge funds own 39.03% of the company’s stock.
About Columbia Sportswear
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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