Columbia Sportswear Co. (COLM) Shares Gap Up to $57.76
Columbia Sportswear Co. (NASDAQ:COLM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $57.41, but opened at $57.76. Columbia Sportswear shares last traded at $59.18, with a volume of 61,422 shares traded.
A number of equities analysts have recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and set a $59.00 price target on shares of Columbia Sportswear in a research note on Tuesday, April 26th. Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, April 19th. Citigroup Inc. increased their price objective on shares of Columbia Sportswear from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, April 29th. FBR & Co reissued a “buy” rating on shares of Columbia Sportswear in a research note on Monday, May 2nd. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Columbia Sportswear in a research note on Saturday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.25.
The company has a market cap of $4.14 billion and a price-to-earnings ratio of 23.50. The firm has a 50-day moving average of $56.18 and a 200 day moving average of $55.79.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. During the same quarter last year, the firm posted $0.37 earnings per share. The business earned $525.10 million during the quarter, compared to the consensus estimate of $493.66 million. Columbia Sportswear’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Columbia Sportswear Co. will post $2.68 earnings per share for the current year.
In other Columbia Sportswear news, Director Ronald E. Nelson sold 2,776 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $53.20, for a total value of $147,683.20. Following the sale, the director now directly owns 3,080 shares in the company, valued at $163,856. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Peter J. Bragdon sold 5,128 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $57.95, for a total transaction of $297,167.60. Following the completion of the sale, the chief accounting officer now owns 14,157 shares in the company, valued at $820,398.15. The disclosure for this sale can be found here.
A number of large investors have modified their holdings of COLM. Dimensional Fund Advisors LP boosted its stake in shares of Columbia Sportswear by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,111,317 shares of the company’s stock valued at $54,188,000 after buying an additional 7,298 shares during the period. UBS Oconnor LLC bought a new position in shares of Columbia Sportswear during the fourth quarter worth $5,837,000. IronBridge Capital Management LP boosted its position in shares of Columbia Sportswear by 157.9% in the fourth quarter. IronBridge Capital Management LP now owns 101,560 shares of the company’s stock worth $4,952,000 after buying an additional 62,180 shares in the last quarter. Columbus Circle Investors boosted its position in shares of Columbia Sportswear by 29.5% in the fourth quarter. Columbus Circle Investors now owns 402,335 shares of the company’s stock worth $19,618,000 after buying an additional 91,708 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Columbia Sportswear by 3.0% in the fourth quarter. Rhumbline Advisers now owns 34,041 shares of the company’s stock worth $1,660,000 after buying an additional 990 shares in the last quarter.
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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