Columbia Sportswear (NASDAQ:COLM) Issues Quarterly Earnings Results

Columbia Sportswear (NASDAQ:COLM) released its earnings results on Tuesday. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06), Zacks reports. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%.

Columbia Sportswear Trading Up 0.8 %

Shares of NASDAQ:COLM traded up $0.67 during midday trading on Tuesday, reaching $85.86. The company had a trading volume of 856,374 shares, compared to its average volume of 444,080. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30. The company’s 50 day moving average price is $86.60 and its 200 day moving average price is $83.01. The stock has a market cap of $4.91 billion, a P/E ratio of 23.72, a P/E/G ratio of 3.32 and a beta of 0.93.

Analysts Set New Price Targets

A number of brokerages have weighed in on COLM. Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen upped their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

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.