Columbia Sportswear (COLM) Given Average Rating of “Buy” by Analysts

Shares of Columbia Sportswear (NASDAQ:COLM) have earned a consensus rating of “Buy” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $69.77.

Several equities research analysts recently issued reports on COLM shares. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear in a research note on Sunday, September 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Columbia Sportswear in a research note on Wednesday, October 4th. Pivotal Research started coverage on shares of Columbia Sportswear in a research note on Thursday, October 5th. They issued a “buy” rating and a $72.00 price objective for the company. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear in a research note on Friday, October 27th.

In related news, Director Walter Klenz sold 11,608 shares of Columbia Sportswear stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.05, for a total value of $766,708.40. Following the transaction, the director now owns 21,619 shares in the company, valued at approximately $1,427,934.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of Columbia Sportswear stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the completion of the transaction, the director now owns 1,089 shares in the company, valued at approximately $67,169.52. The disclosure for this sale can be found here. Company insiders own 58.86% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in COLM. JPMorgan Chase & Co. raised its holdings in Columbia Sportswear by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock worth $108,662,000 after acquiring an additional 148,269 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Columbia Sportswear by 14.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock worth $66,046,000 after purchasing an additional 137,900 shares during the period. BlackRock Inc. increased its holdings in shares of Columbia Sportswear by 6.0% during the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock worth $100,665,000 after purchasing an additional 98,264 shares during the period. AHL Partners LLP increased its holdings in shares of Columbia Sportswear by 615.4% during the 2nd quarter. AHL Partners LLP now owns 95,722 shares of the textile maker’s stock worth $5,557,000 after purchasing an additional 82,341 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Columbia Sportswear by 21.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock worth $15,263,000 after purchasing an additional 43,329 shares during the period. Hedge funds and other institutional investors own 38.80% of the company’s stock.

Shares of Columbia Sportswear (COLM) traded up $0.06 during trading hours on Friday, hitting $72.02. 202,700 shares of the company’s stock were exchanged, compared to its average volume of 243,833. The firm has a market cap of $5,028.31, a price-to-earnings ratio of 25.81, a P/E/G ratio of 2.37 and a beta of 0.88. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $73.59.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. research analysts expect that Columbia Sportswear will post 2.7 earnings per share for the current year.

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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.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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