B. Riley Boosts Columbia Sportswear (COLM) Price Target to $79.00

Columbia Sportswear (NASDAQ:COLM) had its target price hoisted by investment analysts at B. Riley from $76.00 to $79.00 in a research note issued on Friday. The firm presently has a “buy” rating on the textile maker’s stock. B. Riley’s price target points to a potential upside of 7.78% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $85.00 price target (up from $74.00) on shares of Columbia Sportswear in a research note on Wednesday. BidaskClub raised shares of Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America upped their price target on shares of Columbia Sportswear from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday. Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Canaccord Genuity set a $66.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Sunday, January 7th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $73.20.

Columbia Sportswear (NASDAQ COLM) opened at $73.30 on Friday. Columbia Sportswear has a one year low of $51.56 and a one year high of $78.26. The firm has a market cap of $5,263.80, a price-to-earnings ratio of 26.27, a PEG ratio of 2.49 and a beta of 0.95.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. During the same period in the prior year, the business posted $1.20 earnings per share. Columbia Sportswear’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts predict 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 on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now directly owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 58.86% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in COLM. Prudential Financial Inc. boosted its holdings in Columbia Sportswear by 5.6% during the second quarter. Prudential Financial Inc. now owns 5,143 shares of the textile maker’s stock valued at $299,000 after acquiring an additional 275 shares during the period. Nationwide Fund Advisors boosted its holdings in Columbia Sportswear by 3.7% during the second quarter. Nationwide Fund Advisors now owns 16,454 shares of the textile maker’s stock valued at $955,000 after acquiring an additional 591 shares during the period. BlackRock Inc. boosted its holdings in Columbia Sportswear by 6.0% during the second quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after acquiring an additional 98,264 shares during the period. Amalgamated Bank bought a new stake in Columbia Sportswear during the second quarter valued at about $214,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in Columbia Sportswear by 31.9% during the second quarter. UBS Asset Management Americas Inc. now owns 16,049 shares of the textile maker’s stock valued at $932,000 after acquiring an additional 3,877 shares during the period. Institutional investors own 38.91% of the company’s stock.

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Columbia Sportswear Company Profile

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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