Columbia Sportswear Co. to Post Q3 2016 Earnings of $1.17 Per Share, FBR & Co Forecasts (COLM)
Columbia Sportswear Co. (NASDAQ:COLM) – Investment analysts at FBR & Co lifted their Q3 2016 EPS estimates for Columbia Sportswear in a research note issued on Wednesday. FBR & Co analyst S. Anderson now expects that the firm will post earnings of $1.17 per share for the quarter, up from their previous forecast of $1.15. FBR & Co currently has a “Outperform” rating and a $68.00 target price on the stock. FBR & Co also issued estimates for Columbia Sportswear’s Q4 2016 earnings at $1.17 EPS and Q2 2017 earnings at ($0.06) EPS.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The business earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.
COLM has been the subject of several other research reports. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a research note on Sunday, August 7th. KeyCorp assumed coverage on Columbia Sportswear in a research note on Thursday, September 22nd. They set a “sector weight” rating for the company. Finally, B. Riley reiterated a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a research note on Monday, August 1st. Two investment 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. Columbia Sportswear presently has a consensus rating of “Hold” and an average target price of $63.50.
Columbia Sportswear (NASDAQ:COLM) traded up 0.27% on Friday, reaching $60.34. The company had a trading volume of 130,078 shares. The company has a 50-day moving average of $56.56 and a 200 day moving average of $57.38. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 24.06 and a beta of 0.89. Columbia Sportswear has a one year low of $43.56 and a one year high of $66.00.
Several institutional investors have recently modified their holdings of COLM. BlackRock Inc. boosted its position in shares of Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock worth $117,000 after buying an additional 50 shares during the last quarter. Eqis Capital Management Inc. boosted its position in shares of Columbia Sportswear by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock worth $230,000 after buying an additional 57 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Columbia Sportswear by 7.4% in the second quarter. Stifel Financial Corp now owns 4,773 shares of the company’s stock worth $275,000 after buying an additional 327 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Columbia Sportswear by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock worth $226,000 after buying an additional 485 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Columbia Sportswear by 14.4% in the second quarter. Glenmede Trust Co. NA now owns 4,051 shares of the company’s stock worth $233,000 after buying an additional 511 shares during the last quarter. 36.55% of the stock is owned by institutional investors and hedge funds.
Columbia Sportswear Company Profile
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.
Receive News & Ratings for Columbia Sportswear Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Co. and related companies with MarketBeat.com's FREE daily email newsletter.