Goldman Sachs Group Inc. upgraded shares of Columbia Sportswear Co. (NASDAQ:COLM) from a buy rating to a conviction-buy rating in a research note issued to investors on Friday.
A number of other equities research analysts have also recently weighed in on COLM. B. Riley restated a neutral rating and issued a $64.00 price target on shares of Columbia Sportswear in a research note on Monday, August 1st. Citigroup Inc. dropped 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. Brean Capital restated a hold rating on shares of Columbia Sportswear in a research note on Monday, July 18th. KeyCorp initiated coverage on Columbia Sportswear in a research note on Thursday, September 22nd. They issued a sector weight rating on the stock. Finally, Zacks Investment Research upgraded Columbia Sportswear from a hold rating to a buy rating and set a $65.00 price target on the stock in a research note on Monday, July 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Columbia Sportswear presently has an average rating of Hold and a consensus target price of $63.50.
Shares of Columbia Sportswear (NASDAQ:COLM) opened at 60.06 on Friday. The stock has a 50 day moving average of $56.47 and a 200 day moving average of $57.36. The firm has a market cap of $4.19 billion, a P/E ratio of 23.95 and a beta of 0.89. Columbia Sportswear has a 52 week low of $43.56 and a 52 week high of $66.00.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company earned $388.70 million during the quarter, compared to the consensus estimate of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. Analysts anticipate that Columbia Sportswear will post $2.67 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of COLM. BlackRock Inc. boosted its position in shares of Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock worth $119,000 after buying an additional 272 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Columbia Sportswear by 67.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,990 shares of the company’s stock worth $170,000 after buying an additional 1,204 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth approximately $172,000. Pacer Advisors Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth approximately $178,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Columbia Sportswear during the second quarter worth approximately $201,000. Institutional investors own 36.55% of the company’s stock.
Columbia Sportswear Company Profile