Citigroup Reaffirms Buy Rating for Columbia Sportswear (COLM)

Columbia Sportswear (NASDAQ:COLM)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup in a report released on Tuesday. They presently have a $82.00 target price on the textile maker’s stock. Citigroup’s price target would indicate a potential upside of 15.18% from the company’s current price.

COLM has been the topic of several other reports. Cowen set a $58.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a research note on Monday, August 21st. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear in a research note on Sunday, October 22nd. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Pivotal Research initiated coverage on Columbia Sportswear in a research note on Thursday, October 5th. They issued a “buy” rating and a $72.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.14.

Columbia Sportswear (COLM) traded up $1.08 during trading hours on Tuesday, reaching $71.19. The company had a trading volume of 407,000 shares, compared to its average volume of 249,395. The firm has a market capitalization of $4,899.04, a price-to-earnings ratio of 25.13, a PEG ratio of 2.67 and a beta of 0.89. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $71.65.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a return on equity of 22.16% and a net margin of 12.19%. Columbia Sportswear’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. sell-side analysts forecast that Columbia Sportswear will post 2.71 EPS for the current fiscal year.

In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the stock in a transaction dated 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 transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Malia H. Wasson sold 900 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the transaction, the director now owns 1,089 shares of the company’s stock, valued at $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of COLM. Ameritas Investment Partners Inc. raised its position in shares of Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after acquiring an additional 234 shares during the last quarter. Advisor Group Inc. raised its position in shares of Columbia Sportswear by 11.2% during the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after acquiring an additional 339 shares during the last quarter. US Bancorp DE raised its position in shares of Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after acquiring an additional 946 shares during the last quarter. Invictus RG bought a new position in shares of Columbia Sportswear during the third quarter worth about $207,000. Finally, Amalgamated Bank bought a new position in shares of Columbia Sportswear during the second quarter worth about $214,000. Hedge funds and other institutional investors own 38.80% 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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