Columbia Sportswear (COLM) Given a $66.00 Price Target by Canaccord Genuity Analysts

Canaccord Genuity set a $66.00 target price on Columbia Sportswear (NASDAQ:COLM) in a report published on Sunday, January 7th. The brokerage currently has a hold rating on the textile maker’s stock.

Several other equities analysts have also recently weighed in on the company. DA Davidson set a $77.00 target price on Columbia Sportswear and gave the company a buy rating in a research note on Tuesday, December 5th. Zacks Investment Research raised Columbia Sportswear from a sell rating to a hold rating in a research note on Friday, October 20th. Stifel Nicolaus set a $74.00 target price on Columbia Sportswear and gave the company a hold rating in a research note on Friday, December 15th. Citigroup lifted their target price on Columbia Sportswear from $68.00 to $73.00 and gave the company a buy rating in a research note on Friday, October 27th. Finally, Pivotal Research reaffirmed a buy rating and set a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $70.93.

Columbia Sportswear (COLM) opened at $73.05 on Friday. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $74.64. The firm has a market capitalization of $5,064.65, a PE ratio of 26.18, a P/E/G ratio of 2.41 and a beta of 0.88.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The company had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. During the same quarter in the previous year, the business posted $1.18 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts anticipate that Columbia Sportswear will post 2.7 earnings per share for the current year.

In related news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now directly owns 1,089 shares in the company, valued at approximately $67,169.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the completion of the sale, the director now owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The disclosure for this sale can be found here. 58.86% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its holdings in Columbia Sportswear by 3.8% in the 4th quarter. Bank of Montreal Can now owns 24,852 shares of the textile maker’s stock worth $1,786,000 after purchasing an additional 900 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Columbia Sportswear by 15.7% in the 3rd quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock worth $734,000 after purchasing an additional 1,621 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Columbia Sportswear by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock worth $4,415,000 after purchasing an additional 900 shares during the last quarter. Invictus RG acquired a new stake in Columbia Sportswear in the 3rd quarter worth approximately $207,000. Finally, OxFORD Asset Management LLP lifted its holdings in Columbia Sportswear by 38.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock worth $575,000 after purchasing an additional 2,621 shares during the last quarter. Hedge funds and other institutional investors own 39.00% of the company’s stock.

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About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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