Columbia Sportswear (COLM) Given a $66.00 Price Target by Canaccord Genuity Analysts
Columbia Sportswear (NASDAQ:COLM) has been assigned a $66.00 price target by equities research analysts at Canaccord Genuity in a report released on Sunday. The brokerage currently has a “hold” rating on the textile maker’s stock. Canaccord Genuity’s target price would suggest a potential downside of 9.29% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. B. Riley reissued a “buy” rating on shares of Columbia Sportswear in a research note on Wednesday, November 1st. Goldman Sachs Group cut Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research note on Tuesday, December 12th. Citigroup increased their price objective on Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Pivotal Research reissued a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Finally, Stifel Nicolaus set a $74.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $70.33.
Shares of Columbia Sportswear (COLM) traded up $0.76 during trading hours on Friday, reaching $72.76. The company had a trading volume of 396,205 shares, compared to its average volume of 264,260. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $73.59. The company has a market capitalization of $5,030.00, a PE ratio of 26.08, a P/E/G ratio of 2.39 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The company had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Columbia Sportswear’s revenue was up .2% compared to the same quarter last year. research analysts predict that Columbia Sportswear will post 2.7 EPS for the current fiscal year.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the sale, the director now directly owns 1,089 shares in the company, valued at approximately $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in COLM. JPMorgan Chase & Co. boosted its position in Columbia Sportswear by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after acquiring an additional 148,269 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Columbia Sportswear by 14.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after purchasing an additional 137,900 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of 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 during the last quarter. AHL Partners LLP lifted its holdings in shares of Columbia Sportswear by 615.4% during the 2nd quarter. AHL Partners LLP now owns 95,722 shares of the textile maker’s stock valued at $5,557,000 after purchasing an additional 82,341 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Columbia Sportswear by 21.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock valued at $15,263,000 after purchasing an additional 43,329 shares during the last quarter. 38.68% of the stock is currently owned by institutional investors and hedge funds.
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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.
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