Columbia Sportswear Company (COLM) Receives Average Recommendation of “Buy” from Analysts
Shares of Columbia Sportswear Company (NASDAQ:COLM) have been given a consensus rating of “Buy” by the sixteen analysts that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $63.92.
Several equities analysts have weighed in on COLM shares. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Buckingham Research reaffirmed a “neutral” rating and issued a $58.00 target price on shares of Columbia Sportswear in a research report on Monday, July 17th. Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company set a $58.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Sunday.
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Columbia Sportswear (NASDAQ:COLM) traded up 1.69% during mid-day trading on Friday, reaching $61.83. 305,963 shares of the company were exchanged. The stock’s 50-day moving average price is $59.88 and its 200-day moving average price is $57.68. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $63.55. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 22.57 and a beta of 0.82.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.03. The company had revenue of $398.90 million during the quarter, compared to the consensus estimate of $394.53 million. Columbia Sportswear had a negative return on equity of 2.97% and a negative net margin of 2.84%. Columbia Sportswear’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. On average, equities research analysts anticipate that Columbia Sportswear will post $2.79 EPS for the current fiscal year.
In related news, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction that occurred on 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 $492,981.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 58.86% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of COLM. SG Americas Securities LLC purchased a new stake in Columbia Sportswear during the first quarter worth approximately $114,000. Ameritas Investment Partners Inc. purchased a new stake in Columbia Sportswear during the first quarter worth approximately $137,000. Creative Planning lifted its stake in Columbia Sportswear by 2.6% during the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after purchasing an additional 72 shares during the last quarter. Advisor Group Inc. lifted its stake in Columbia Sportswear by 11.2% during the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after purchasing an additional 339 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after purchasing an additional 946 shares during the last quarter. Hedge funds and other institutional investors own 38.65% 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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