2 weeks Ago By Defense World Staff
Columbia Sportswear ( NASDAQ:COLM – Get Free Report ) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. A number of other analysts have also recently commented on the company.
Wedbush reaffirmed a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the stock from $84.
00 to $92.00 in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.00.
View Our Latest Report on Columbia Sportswear Columbia Sportswear Stock Performance Columbia Sportswear ( NASDAQ:COLM – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $569.37 million. During the same quarter in the prior year, the business posted $0.
14 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year.
Research analysts anticipate that Columbia Sportswear will post 3.85 earnings per share for the current year. Institutional Investors Weigh In On Columbia Sportswear A number of large investors have recently made changes to their positions in the stock.
Paragon Capital Management Inc. acquired a new position in shares of Columbia Sportswear during the 2nd quarter valued at about $1,890,000. Algert Global LLC purchased a new position in Columbia Sportswear during the second quarter worth about $286,000.
AQR Capital Management LLC boosted its holdings in Columbia Sportswear by 149.0% in the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock valued at $15,463,000 after purchasing an additional 117,260 shares during the last quarter.
Squarepoint Ops LLC grew its stake in shares of Columbia Sportswear by 3.5% in the 2nd quarter. Squarepoint Ops LLC now owns 125,674 shares of the textile maker’s stock valued at $9,938,000 after buying an additional 4,305 shares during the period.
Finally, Marshall Wace LLP grew its stake in shares of Columbia Sportswear by 1,574.3% in the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock valued at $6,357,000 after buying an additional 75,582 shares during the period.
47.76% of the stock is currently owned by hedge funds and other institutional investors. About Columbia Sportswear ( Get Free Report ) 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. Featured Stories Five stocks we like better than Columbia Sportswear Stock Market Upgrades: What Are They? Can Costco Stock Hit New Highs as Interest Rates Drop? The Risks of Owning Bonds These 3 Stocks Show How to Navigate Declining Consumer Confidence Are Penny Stocks a Good Fit for Your Portfolio? MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter .
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