HL Financial Services LLC acquired a new stake in Columbia Sportswear Co. (NASDAQ:COLM) during the second quarter, Holdings Channel reports. The firm acquired 4,263 shares of the company’s stock, valued at approximately $245,000.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock worth $119,000 after buying an additional 272 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Columbia Sportswear during the first quarter worth $226,000. Cypress Wealth Advisors LLC purchased a new stake in Columbia Sportswear during the first quarter worth $230,000. Eqis Capital Management Inc. raised its stake in Columbia Sportswear by 1.8% in the second quarter. Eqis Capital Management Inc. now owns 4,003 shares of the company’s stock worth $230,000 after buying an additional 72 shares during the last quarter. Finally, Seven Eight Capital LLC purchased a new stake in Columbia Sportswear during the first quarter worth $257,000. 36.55% of the stock is owned by institutional investors.
Shares of Columbia Sportswear Co. (NASDAQ:COLM) traded up 1.32% during mid-day trading on Friday, reaching $56.74. 440,058 shares of the company traded hands. Columbia Sportswear Co. has a 52-week low of $43.56 and a 52-week high of $66.00. The stock has a market capitalization of $3.96 billion, a PE ratio of 22.62 and a beta of 0.97. The stock’s 50 day moving average is $56.13 and its 200 day moving average is $57.49.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The business had revenue of $388.70 million for the quarter, compared to analyst estimates of $392.02 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Columbia Sportswear’s revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Columbia Sportswear Co. will post $2.67 earnings per share for the current year.
A number of research firms recently weighed in on COLM. B. Riley reaffirmed a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a report on Wednesday, July 27th. Guggenheim began coverage on shares of Columbia Sportswear in a report on Friday. They set a “buy” rating and a $71.00 price target for the company. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Sunday, August 7th. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, July 4th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.75.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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