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

Columbia Sportswear (NASDAQ:COLM) posted its quarterly earnings data 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 Columbia Sportswear stock traded up $0.67 during trading on Tuesday, reaching $85.86. The stock had a trading volume of 856,374 shares, compared to its average volume of 444,080. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 3.32 and a beta of 0.93. The stock has a fifty day moving average price of $86.60 and a two-hundred day moving average price of $83.01. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30.

Analyst Ratings Changes

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