Columbia Sportswear (NASDAQ:COLM) has been given a $77.00 price objective by stock analysts at DA Davidson in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the textile maker’s stock. DA Davidson’s price target suggests a potential upside of 10.52% from the company’s current price.

Several other equities analysts also recently commented on the stock. Robert W. Baird restated a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a research note on Sunday, September 17th. Pivotal Research assumed coverage on shares of Columbia Sportswear in a research report on Thursday, October 5th. They set a “buy” rating and a $72.00 price objective for the company. FBR & Co reaffirmed a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear in a research report on Friday, October 27th. Citigroup lifted their price objective on shares of Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Columbia Sportswear presently has an average rating of “Buy” and an average price target of $65.31.

Columbia Sportswear (NASDAQ:COLM) traded down $0.22 during trading on Tuesday, reaching $69.67. 146,700 shares of the company traded hands, compared to its average volume of 249,725. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $71.65. The firm has a market cap of $4,883.67, a P/E ratio of 25.05, a PEG ratio of 2.66 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. During the same quarter last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. analysts predict that Columbia Sportswear will post 2.71 EPS for the current year.

In other news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now directly owns 1,089 shares in the company, valued at $67,169.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now owns 21,619 shares in the company, valued at $1,427,934.95. The disclosure for this sale can be found here. Insiders own 58.86% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its holdings in shares of Columbia Sportswear by 15.7% in the third quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock valued at $734,000 after purchasing an additional 1,621 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Columbia Sportswear by 1.3% during the third quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock valued at $4,415,000 after buying an additional 900 shares during the period. Invictus RG purchased a new position in shares of Columbia Sportswear during the third quarter valued at approximately $207,000. OxFORD Asset Management LLP lifted its stake in shares of Columbia Sportswear by 38.3% during the third quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock valued at $575,000 after buying an additional 2,621 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Columbia Sportswear by 21.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock valued at $15,263,000 after buying an additional 43,329 shares during the period. 39.13% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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