Citigroup reiterated their buy rating on shares of Columbia Sportswear (NASDAQ:COLM) in a report published on Tuesday, December 19th. They currently have a $82.00 target price on the textile maker’s stock.
COLM has been the topic of a number of other research reports. Cowen set a $58.00 price target on Columbia Sportswear and gave the company a hold rating in a research report on Monday, August 21st. Robert W. Baird reissued a buy rating and issued a $68.00 price objective on shares of Columbia Sportswear in a research note on Sunday, October 22nd. Zacks Investment Research raised Columbia Sportswear from a sell rating to a hold rating in a research note on Friday, October 20th. Pivotal Research initiated coverage on Columbia Sportswear in a research note on Thursday, October 5th. They issued a buy rating and a $72.00 price objective on the stock. Finally, Guggenheim reissued a buy rating and issued a $75.00 price objective on shares of Columbia Sportswear in a research note on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $70.33.
Columbia Sportswear (COLM) traded up $0.26 during midday trading on Tuesday, hitting $73.50. The company’s stock had a trading volume of 137,472 shares, compared to its average volume of 230,278. Columbia Sportswear has a 1 year low of $51.56 and a 1 year high of $73.59. The company has a market cap of $5,120.00, a price-to-earnings ratio of 26.34, a PEG ratio of 2.39 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The firm had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. During the same quarter in the previous year, the company posted $1.18 EPS. The business’s revenue was up .2% on a year-over-year basis. equities analysts expect that Columbia Sportswear will post 2.7 earnings per share for the current year.
In related news, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was 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 of the company’s stock, valued at $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of COLM. Aperio Group LLC increased its holdings in Columbia Sportswear by 8.2% during the 2nd quarter. Aperio Group LLC now owns 7,611 shares of the textile maker’s stock worth $442,000 after purchasing an additional 576 shares in the last quarter. US Bancorp DE increased its holdings in Columbia Sportswear by 36.1% during the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after purchasing an additional 946 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Columbia Sportswear by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 204,514 shares of the textile maker’s stock worth $11,875,000 after purchasing an additional 6,649 shares in the last quarter. First Trust Advisors LP increased its holdings in Columbia Sportswear by 6.4% during the 2nd quarter. First Trust Advisors LP now owns 35,154 shares of the textile maker’s stock worth $2,041,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Columbia Sportswear by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 36,942 shares of the textile maker’s stock worth $2,145,000 after purchasing an additional 3,039 shares in the last quarter. 38.68% of the stock is owned by hedge funds and other 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.
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