Columbia Sportswear (NASDAQ:COLM) had its price target increased by investment analysts at Citigroup from $82.00 to $84.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the textile maker’s stock. Citigroup’s price objective points to a potential upside of 14.60% from the company’s previous close.

Several other equities analysts have also weighed in on COLM. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear in a research report on Sunday, October 22nd. FBR & Co reissued a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear in a research report on Friday, October 27th. Pivotal Research reissued a “buy” rating and issued a $74.00 price objective (up from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. Finally, Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $73.33.

Shares of Columbia Sportswear (NASDAQ COLM) opened at $73.30 on Friday. Columbia Sportswear has a 1 year low of $51.56 and a 1 year high of $78.26. The stock has a market cap of $5,263.80, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $762.18 million. During the same period in the prior year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. equities analysts predict that Columbia Sportswear will post 2.71 EPS for the current fiscal year.

In related news, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction dated 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 directly owns 21,619 shares in the company, valued at $1,427,934.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 58.86% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in COLM. JPMorgan Chase & Co. grew its stake in shares of Columbia Sportswear by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after acquiring an additional 148,269 shares in the last quarter. Victory Capital Management Inc. grew its stake in Columbia Sportswear by 14.8% during the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock worth $66,046,000 after buying an additional 137,900 shares in the last quarter. BlackRock Inc. grew its stake in Columbia Sportswear by 6.0% during the second quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock worth $100,665,000 after buying an additional 98,264 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Columbia Sportswear by 21.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock worth $15,263,000 after buying an additional 43,329 shares in the last quarter. Finally, State Street Corp grew its stake in Columbia Sportswear by 8.8% during the second quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock worth $31,254,000 after buying an additional 43,315 shares in the last quarter. Institutional investors and hedge funds own 38.91% of the company’s stock.

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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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