Todays Report: The FBR & Co Comments on Columbia Sportswear Co.’s Q3 2016 Earnings (COLM)

The FBR & Co Comments on Columbia Sportswear Co.’s Q3 2016 Earnings (COLM)

Columbia Sportswear Co. (NASDAQ:COLM) – Equities research analysts at FBR & Co boosted their Q3 2016 earnings per share estimates for Columbia Sportswear in a research report issued to clients and investors on Wednesday. FBR & Co analyst S. Anderson now expects that the brokerage will post earnings of $1.17 per share for the quarter, up from their prior forecast of $1.15. FBR & Co currently has a “Outperform” rating and a $68.00 price target 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.

Several other research firms have also recently weighed in on COLM. DA Davidson reissued a “buy” rating and issued a $72.00 price target on shares of Columbia Sportswear in a research note on Monday, July 18th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. B. Riley reissued a “neutral” rating and issued a $64.00 price target on shares of Columbia Sportswear in a research note on Wednesday, July 27th. Citigroup Inc. dropped their price target on shares of Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a $71.00 price target on shares of Columbia Sportswear in a research note on Monday, October 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.50.

Columbia Sportswear (NASDAQ:COLM) opened at 59.99 on Friday. The company has a market cap of $4.18 billion, a P/E ratio of 23.92 and a beta of 0.89. The company has a 50-day moving average of $56.64 and a 200-day moving average of $57.38. Columbia Sportswear has a 52 week low of $43.56 and a 52 week high of $66.00.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.48% and a return on equity of 12.14%. Columbia Sportswear’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake 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. BNP Paribas Arbitrage SA raised its stake 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. purchased a new stake in shares of Columbia Sportswear during the second quarter worth $172,000. Pacer Advisors Inc. purchased a new stake in shares of Columbia Sportswear during the second quarter worth $178,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Columbia Sportswear during the second quarter worth $201,000. Institutional investors and hedge funds own 36.55% of the company’s stock.

Columbia Sportswear Company Profile

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