Columbia Sportswear (NASDAQ:COLM) Posts Earnings Results, Misses Estimates By $0.06 EPS

Columbia Sportswear (NASDAQ:COLM) posted its quarterly earnings data on Tuesday. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06), Zacks reports. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%.

Columbia Sportswear Stock Up 0.8 %

COLM traded up $0.67 during trading on Tuesday, reaching $85.86. 862,538 shares of the company’s stock were exchanged, compared to its average volume of 444,080. The company has a market capitalization of $4.91 billion, a P/E ratio of 23.72, a PEG ratio of 3.32 and a beta of 0.93. The business has a 50 day moving average price of $86.60 and a 200 day moving average price of $83.01. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $91.30.

Wall Street Analysts Forecast Growth

COLM has been the topic of a number of research reports. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen upped their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.