Columbia Sportswear (NASDAQ:COLM) – Analysts at Wedbush boosted their FY2018 EPS estimates for Columbia Sportswear in a research note issued to investors on Tuesday, Zacks Investment Research reports. Wedbush analyst C. Svezia now anticipates that the textile maker will earn $3.03 per share for the year, up from their previous forecast of $2.96.
A number of other research analysts have also commented on COLM. B. Riley restated a “buy” rating on shares of Columbia Sportswear in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity set a $66.00 target price on shares of Columbia Sportswear and gave the company a “hold” rating in a report on Sunday, January 7th. BidaskClub downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price on shares of Columbia Sportswear in a report on Wednesday, October 4th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Columbia Sportswear has a consensus rating of “Buy” and an average price target of $70.86.
Columbia Sportswear (NASDAQ COLM) opened at $73.50 on Thursday. The company has a market cap of $5,135.89, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.88. Columbia Sportswear has a one year low of $51.56 and a one year high of $73.59.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $747.37 million for 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%. Columbia Sportswear’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share.
A number of hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings in shares of Columbia Sportswear by 15.7% in the third quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock valued at $734,000 after purchasing an additional 1,621 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Columbia Sportswear by 1.3% in the third quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock valued at $4,415,000 after purchasing an additional 900 shares in the last quarter. Invictus RG purchased a new stake in shares of Columbia Sportswear in the third quarter valued at about $207,000. OxFORD Asset Management LLP lifted its holdings in shares of Columbia Sportswear by 38.3% in the third quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock valued at $575,000 after purchasing an additional 2,621 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Columbia Sportswear by 21.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock valued at $15,263,000 after purchasing an additional 43,329 shares in the last quarter. 38.68% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the sale, the director now owns 1,089 shares of the company’s stock, valued at $67,169.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now directly owns 21,619 shares in the company, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by insiders.
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About Columbia Sportswear
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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