Columbia Sportswear (NASDAQ:COLM – Get Note) was downgraded by TheStreet investment analysts from a “b” rating to a “c+” rating in a report released Thursday, TheStreetRatingsTable reports.
A number of other research analysts have also published reports on COLM. Cowen raised its target price on Columbia Sportswear from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 report. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a target price of $92.00 for the stock. in a report on Tuesday, April 12. Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report released Friday. Finally, Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a report on Friday. One research analyst rated the stock with a sell rating, six issued a hold rating and three issued a buy rating for the company’s stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus target price of $104.57.
NASDAQ COLM opened at $82.16 on Thursday. The company has a market capitalization of $5.17 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.67 and a beta of 0.90. The stock has a 50-day moving average of $89.68 and a 200-day moving average of $94.84. Columbia Sportswear has a 1-year minimum of $80.02 and a 1-year maximum of $110.44.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported earnings per share (EPS) of $1.03 for the quarter, beating the Zacks consensus estimate of $0.85 by $0.18. The company posted revenue of $761.50 million for the quarter, versus analyst estimates of $762.88 million. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The company’s revenue for the quarter increased by 21.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.84. On average, sell-side analysts expect Columbia Sportswear to post an EPS of 5.76 for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Columbia Sportswear by 102.9% in the first quarter. SG Americas Securities LLC now owns 15,226 shares of the textile maker valued at $1,378,000 after buying an additional 7,722 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Columbia Sportswear in the first quarter worth $195,000. DekaBank Deutsche Girozentrale acquired a new stake in Columbia Sportswear in the first quarter worth $972,000. Comerica Bank increased its holdings in Columbia Sportswear by 4.2% in the first quarter. Comerica Bank now owns 29,085 shares of the textile maker valued at $2,611,000 after buying an additional 1,165 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Columbia Sportswear by 22.7% in the first quarter. The New York State Teachers’ Retirement System now owns 9,745 shares of the textile maker valued at $882,000 after buying an additional 1,800 shares in the last quarter. 53.95% of the shares are currently held by institutional investors.
Columbia Sportswear Company Profile (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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