Pivotal Research restated their buy rating on shares of Columbia Sportswear (NASDAQ:COLM) in a report issued on Tuesday, Briefing.com Automated Import reports. They currently have a $117.00 target price on the textile maker’s stock, up from their previous target price of $112.00.
Other equities analysts have also issued research reports about the stock. Macquarie set a $118.00 price objective on shares of Columbia Sportswear and gave the stock a buy rating in a research note on Friday, February 8th. DA Davidson raised their price objective on shares of Columbia Sportswear to $116.00 and gave the stock a buy rating in a research note on Friday, February 8th. Zacks Investment Research raised shares of Columbia Sportswear from a hold rating to a buy rating and set a $94.00 price objective for the company in a research note on Friday, January 18th. Guggenheim reaffirmed a buy rating and issued a $120.00 price objective on shares of Columbia Sportswear in a research note on Thursday, February 7th. Finally, BidaskClub raised shares of Columbia Sportswear from a hold rating to a buy rating in a research note on Thursday, February 7th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $107.47.
Columbia Sportswear stock opened at $104.45 on Tuesday. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. Columbia Sportswear has a 1 year low of $79.35 and a 1 year high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, April 25th. The textile maker reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.24. The firm had revenue of $654.61 million for the quarter, compared to analyst estimates of $646.77 million. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.79%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. Equities analysts forecast that Columbia Sportswear will post 4.43 EPS for the current year.
In other Columbia Sportswear news, COO Thomas B. Cusick sold 22,115 shares of Columbia Sportswear stock in a transaction on Monday, February 11th. The shares were sold at an average price of $107.04, for a total transaction of $2,367,189.60. Following the completion of the sale, the chief operating officer now owns 38,598 shares of the company’s stock, valued at approximately $4,131,529.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Walter Klenz sold 6,754 shares of Columbia Sportswear stock in a transaction on Monday, February 25th. The shares were sold at an average price of $105.87, for a total transaction of $715,045.98. Following the sale, the director now directly owns 15,678 shares of the company’s stock, valued at approximately $1,659,829.86. The disclosure for this sale can be found here. Insiders have sold a total of 84,535 shares of company stock valued at $8,929,236 in the last three months. Company insiders own 56.68% of the company’s stock.
Large investors have recently modified their holdings of the business. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Columbia Sportswear during the 4th quarter valued at $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Columbia Sportswear by 268.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,119 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Columbia Sportswear during the 4th quarter valued at $145,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Columbia Sportswear during the 4th quarter valued at $176,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Columbia Sportswear during the 4th quarter valued at $185,000. 38.04% of the stock is owned by institutional investors.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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