Q4 EPS Estimate for Columbia Sportswear Boosted by Analyst

Columbia Sportswear (NASDAQ:COLM) – Stock analysts at Seaport Res Ptn boosted their Q4 2024 earnings estimates for Columbia Sportswear in a research report issued to clients and investors on Wednesday, January 29th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $2.03 per share for the quarter, up from their previous estimate of $1.70. The consensus estimate for Columbia Sportswear’s current full-year earnings is $3.96 per share.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

Columbia Sportswear Trading Down 3.5 %

Shares of NASDAQ COLM opened at $85.19 on Monday. The firm has a 50 day moving average of $86.60 and a 200 day moving average of $83.01. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.30.

Institutional Trading of Columbia Sportswear

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after buying an additional 292,716 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Columbia Sportswear in the 3rd quarter valued at about $7,676,000. Assenagon Asset Management S.A. purchased a new stake in Columbia Sportswear in the 4th quarter valued at about $6,356,000. New York State Common Retirement Fund increased its stake in Columbia Sportswear by 39.6% during the third quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock worth $21,580,000 after purchasing an additional 73,602 shares during the period. Finally, Impax Asset Management Group plc grew its position in shares of Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after buying an additional 40,000 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Company Profile

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.