Columbia Sportswear (NASDAQ:COLM) Receives $77.00 Average PT from Brokerages

Columbia Sportswear (NASDAQ:COLM) has received an average rating of “Hold” from the three analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $77.00.

Several brokerages have weighed in on COLM. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush reaffirmed a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, October 5th.

Hedge Funds Weigh In On Columbia Sportswear

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Headlands Technologies LLC increased its position in Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Columbia Sportswear during the first quarter worth about $64,000. Finally, Dnca Finance acquired a new position in Columbia Sportswear in the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $84.39 on Tuesday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 3.00 and a beta of 0.92. The stock’s 50-day simple moving average is $81.54 and its 200-day simple moving average is $80.68.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue was down 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Sportswear will post 3.84 earnings per share for the current year.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.