Columbia Sportswear Co. (COLM) Now Covered by Analysts at Guggenheim
COLM has been the subject of several other reports. Brean Capital restated a hold rating on shares of Columbia Sportswear in a report on Monday, July 18th. Zacks Investment Research cut Columbia Sportswear from a hold rating to a sell rating in a report on Wednesday, September 28th. Credit Suisse Group AG restated a hold rating on shares of Columbia Sportswear in a report on Sunday, August 7th. KeyCorp assumed coverage on Columbia Sportswear in a report on Thursday, September 22nd. They issued a sector weight rating for the company. Finally, B. Riley restated a neutral rating and issued a $64.00 target price on shares of Columbia Sportswear in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $62.75.
Shares of Columbia Sportswear (NASDAQ:COLM) opened at 56.61 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 22.57 and a beta of 0.89. The company has a 50 day moving average price of $56.20 and a 200 day moving average price of $57.39. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $66.00.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. The company earned $388.70 million during the quarter, compared to analysts’ expectations of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. Equities analysts anticipate that Columbia Sportswear will post $2.67 EPS for the current year.
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Columbia Sportswear by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 1,214,448 shares of the company’s stock valued at $72,976,000 after buying an additional 680,868 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in shares of Columbia Sportswear during the first quarter valued at $36,550,000. Atlanta Capital Management Co. L L C raised its stake in shares of Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock valued at $190,738,000 after buying an additional 594,627 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Columbia Sportswear by 300.0% in the first quarter. Goldman Sachs Group Inc. now owns 475,516 shares of the company’s stock valued at $28,574,000 after buying an additional 356,630 shares during the period. Finally, TimesSquare Capital Management LLC raised its stake in shares of Columbia Sportswear by 76.1% in the first quarter. TimesSquare Capital Management LLC now owns 619,000 shares of the company’s stock valued at $37,196,000 after buying an additional 267,500 shares during the period. 36.55% of the stock is currently owned by institutional investors and hedge funds.
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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