Columbia Sportswear Company (COLM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.33. The company posted revenue of $525.10 million in the period, compared to analysts expectations of $493.77 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Columbia Sportswear Company. Company shares were Reiterated by Stifel on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $60 .
Columbia Sportswear Company closed down -0.96 points or -1.53% at $61.59 with 2,44,633 shares getting traded on Wednesday. Post opening the session at $62.54, the shares hit an intraday low of $61.28 and an intraday high of $62.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 2, 2016, Bryan Timm (President/COO) sold 13,172 shares at $60.47 per share price. According to the SEC, on Feb 29, 2016, David Shawn Cox (SVP Retail/NA & EMEA) sold 900 shares at $60.69 per share price. On Feb 29, 2016, Walter Klenz (director) sold 10,164 shares at $59.88 per share price, according to the Form-4 filing with the securities and exchange commission.
Columbia Sportswear Company is a hat distributor. The Company designs sources markets and distributes outdoor and active lifestyle apparel footwear accessories and equipment under the Columbia Mountain Hardwear Sorel prAna and Montrail brands. It offers products including outerwear sportswear footwear accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel accessories and equipment and footwear. Its apparel accessories and equipment are designed to use in a variety of outdoor activities such as skiing snowboarding hiking climbing mountaineering camping hunting fishing trail running water sports and adventure travel. Its footwear products include durable lightweight hiking boots trail running shoes rugged cold weather boots and casual shoes. It operates in North America Europe Japan Korea and China.