Columbia Sportswear (NASDAQ:COLM) Posts Earnings Results

Columbia Sportswear (NASDAQ:COLM) issued its quarterly earnings data on Thursday. The textile maker reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.38, FiscalAI reports. The firm had revenue of $962.58 million during the quarter, compared to analysts’ expectations of $944.91 million. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%.

Columbia Sportswear Price Performance

Shares of COLM stock traded up $2.79 on Thursday, hitting $63.69. The stock had a trading volume of 1,211,176 shares, compared to its average volume of 650,966. The business has a 50 day moving average of $58.21 and a 200 day moving average of $59.65. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 16.54 and a beta of 0.93. Columbia Sportswear has a 12-month low of $47.47 and a 12-month high of $69.06.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on COLM shares. Robert W. Baird set a $65.00 target price on shares of Columbia Sportswear in a report on Friday, July 31st. Citigroup reiterated a “neutral” rating and set a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. Stifel Nicolaus set a $67.00 price objective on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen downgraded Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Finally, BTIG Research restated a “buy” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus price target of $65.40.

Columbia Sportswear Company Profile

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.