Columbia Sportswear Company (COLM) Receives New Coverage from Analysts at Pivotal Research
Equities researchers at Pivotal Research assumed coverage on shares of Columbia Sportswear Company (NASDAQ:COLM) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $72.00 price target on the textile maker’s stock. Pivotal Research’s price target would suggest a potential upside of 15.31% from the company’s current price.
COLM has been the subject of a number of other research reports. Cowen and Company set a $58.00 target price on Columbia Sportswear and gave the company a “hold” rating in a report on Monday, August 21st. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a report on Sunday, September 17th. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price on shares of Columbia Sportswear in a report on Wednesday. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $58.00 target price on shares of Columbia Sportswear in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Columbia Sportswear has a consensus rating of “Hold” and an average price target of $64.46.
Columbia Sportswear (COLM) traded up 1.61% during trading on Thursday, hitting $62.45. 172,154 shares of the company traded hands. The stock has a 50 day moving average price of $58.37 and a 200 day moving average price of $57.42. The company has a market capitalization of $4.36 billion, a P/E ratio of 22.77 and a beta of 0.82. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The company had revenue of $398.90 million during the quarter, compared to analyst estimates of $394.53 million. During the same quarter last year, the firm posted ($0.12) EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that Columbia Sportswear will post $2.79 earnings per share for the current year.
In other news, Director Edward S. George sold 6,664 shares of Columbia Sportswear stock in a transaction dated Monday, August 28th. The stock was 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 owns 8,664 shares in the company, valued at approximately $492,981.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 58.86% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in Columbia Sportswear by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,532 shares of the textile maker’s stock worth $495,000 after buying an additional 22 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Columbia Sportswear by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,093 shares of the textile maker’s stock worth $476,000 after buying an additional 66 shares during the last quarter. Creative Planning lifted its position in Columbia Sportswear by 2.6% in the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after buying an additional 72 shares during the last quarter. Stifel Financial Corp lifted its position in Columbia Sportswear by 4.1% in the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after buying an additional 162 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Columbia Sportswear by 10.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after buying an additional 234 shares during the last quarter. Institutional investors own 38.92% 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.
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