Columbia Sportswear Company (NASDAQ:COLM)‘s stock had its “neutral” rating reissued by equities researchers at Canaccord Genuity in a research note issued to investors on Wednesday, July 26th.
Several other equities research analysts also recently weighed in on COLM. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. B. Riley reiterated a “neutral” rating and issued a $61.00 price objective on shares of Columbia Sportswear in a report on Tuesday, April 25th. Forward View downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Goldman Sachs Group, Inc. (The) downgraded Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Finally, Buckingham Research restated a “neutral” rating and set a $58.00 price target on shares of Columbia Sportswear in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $63.45.
Columbia Sportswear (COLM) opened at 58.21 on Wednesday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 21.22 and a beta of 0.80. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $63.55. The stock has a 50 day moving average of $57.74 and a 200-day moving average of $56.69.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. During the same quarter in the prior year, the company earned ($0.12) EPS. Columbia Sportswear’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Columbia Sportswear will post $2.79 earnings per share for the current fiscal year.
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In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $53.59, for a total transaction of $95,175.84. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $107,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 58.86% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Columbia Sportswear by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock worth $162,716,000 after buying an additional 28,381 shares in the last quarter. BlackRock Inc. increased its stake in shares of Columbia Sportswear by 6.0% in the second quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock worth $100,665,000 after buying an additional 98,264 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Columbia Sportswear by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock worth $95,276,000 after buying an additional 131,329 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Columbia Sportswear by 2.7% in the second quarter. Victory Capital Management Inc. now owns 934,620 shares of the textile maker’s stock worth $54,264,000 after buying an additional 24,325 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Columbia Sportswear by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock worth $41,631,000 after buying an additional 6,371 shares in the last quarter. 39.20% of the stock is owned by institutional investors and hedge funds.
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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