The Analysts Offer Predictions for Columbia Sportswear Co.’s Q1 2017 Earnings (COLM)

The Analysts Offer Predictions for Columbia Sportswear Co.’s Q1 2017 Earnings (COLM)

Columbia Sportswear Co. (NASDAQ:COLM) – FBR & Co issued their Q1 2017 EPS estimates for shares of Columbia Sportswear in a research note issued on Wednesday. FBR & Co analyst S. Anderson expects that the brokerage will earn $0.51 per share for the quarter. FBR & Co has a “Outperform” rating and a $68.00 price objective on the stock. FBR & Co also issued estimates for Columbia Sportswear’s Q3 2017 earnings at $1.38 EPS, Q4 2017 earnings at $1.14 EPS and FY2018 earnings at $3.25 EPS.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $392.02 million. During the same period in the prior year, the business earned ($0.09) EPS. Columbia Sportswear’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Several other analysts have also weighed in on COLM. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Monday, July 4th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. DA Davidson reissued a “buy” rating and set a $72.00 price target on shares of Columbia Sportswear in a research note on Monday, July 18th. B. Riley reissued a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a research note on Wednesday, July 27th. Finally, Citigroup Inc. cut their price target on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.50.

Columbia Sportswear (NASDAQ:COLM) traded up 0.33% during mid-day trading on Thursday, reaching $60.26. The company had a trading volume of 161,872 shares. The firm’s 50-day moving average is $56.47 and its 200-day moving average is $57.36. Columbia Sportswear has a one year low of $43.56 and a one year high of $66.00. The firm has a market capitalization of $4.20 billion, a P/E ratio of 24.03 and a beta of 0.89.

Several large investors have recently added to or reduced their stakes in COLM. BlackRock Inc. increased its stake in Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock valued at $117,000 after buying an additional 50 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Columbia Sportswear by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock valued at $230,000 after buying an additional 57 shares in the last quarter. Stifel Financial Corp increased its stake in Columbia Sportswear by 7.4% in the second quarter. Stifel Financial Corp now owns 4,773 shares of the company’s stock valued at $275,000 after buying an additional 327 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Columbia Sportswear by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock valued at $226,000 after buying an additional 485 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Columbia Sportswear by 14.4% in the second quarter. Glenmede Trust Co. NA now owns 4,051 shares of the company’s stock valued at $233,000 after buying an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

Columbia Sportswear Company Profile

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