Columbia Sportswear (NASDAQ:COLM – Get Note) was upgraded by StockNews.com research analysts from a “hold” to a “buy” rating in a research note released Tuesday.
Several other analysts have also weighed in on the company recently. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and reduced its target price for the company from $108.00 to $80.00 in a Friday, April 29 report. Cowen lowered his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. TheStreet upgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 report. Finally, Cowen lowered its price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. One financial analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.43.
NASDAQ COLM shares opened at $75.68 on Tuesday. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50. The stock has a market capitalization of $4.76 billion, a PE ratio of 13.64, a PEG ratio of 1.55 and a beta of 0.91. The stock has a fifty-day simple moving average of $78.26 and a 200-day simple moving average of $87.47.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly results on Thursday, April 28. The textile maker reported earnings per share (EPS) of $1.03 for the quarter, beating analysts’ consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear revenue for the quarter increased 21.7% year over year. During the same period of the previous year, the company achieved EPS of $0.84. As a group, analysts expect Columbia Sportswear to post EPS of 5.88 for the current year.
In other Columbia Sportswear news, Director Stephen E. Babson sold 2,568 shares of Columbia Sportswear in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the transaction, the administrator now owns 112,627 shares of the company, valued at $9,138,554.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, manager Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a trade that took place on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following the transaction, the administrator now owns 14,402 shares of the company, valued at $1,154,464.32. The disclosure of this sale can be found here. 42.37% of the shares are currently held by insiders of the company.
Several large investors have recently changed their stake in the company. The Kentucky State Teachers’ Retirement System increased its stake in Columbia Sportswear stock by 56.3% in Q1. The Kentucky State Teachers’ Retirement System now owns 5,000 shares of the textile maker worth $453,000 after buying an additional 1,800 shares last quarter. Bank of America Corp DE increased its stake in Columbia Sportswear by 10.7% in the first quarter. Bank of America Corp DE now owns 312,841 shares of the textile maker valued at $28,323,000 after acquiring an additional 30,193 shares during the period. Verition Fund Management LLC purchased a new stake in Columbia Sportswear during the first quarter for a value of approximately $227,000. Neuberger Berman Group LLC increased its stake in Columbia Sportswear by 7.8% during the first quarter. Neuberger Berman Group LLC now owns 241,202 shares of the textile maker worth $21,836,000 after buying an additional 17,362 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its stake in Columbia Sportswear by 6.3% during the first quarter. Polar Asset Management Partners Inc. now owns 354,260 shares of the textile maker worth $32,071,000 after buying an additional 21,000 shares in the last quarter. 48.65% of the shares are held by institutional investors.
Columbia Sportswear Company Profile (Get an evaluation)
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.
Get news and reviews for Columbia Sportswear Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Columbia Sportswear and related companies with MarketBeat.com’s free daily email newsletter.