Columbia Sportswear (NASDAQ:COLM) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Columbia Sportswear (NASDAQ:COLM) announced its quarterly earnings data on Tuesday. The textile maker reported $1.80 earnings per share (EPS) 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 %

NASDAQ COLM traded up $0.67 during trading on Tuesday, reaching $85.86. The company’s stock had a trading volume of 862,538 shares, compared to its average volume of 444,080. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30. The business has a 50-day moving average price of $86.60 and a 200-day moving average price of $83.01. The stock has a market capitalization of $4.91 billion, a PE ratio of 23.72, a PEG ratio of 3.32 and a beta of 0.93.

Analyst Upgrades and Downgrades

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

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.