Columbia sportswear

Columbia Sportswear (NASDAQ:COLM) Price Target Cut to $100.00 by Robert W. Baird Analysts


Columbia Sportswear (NASDAQ:COLM – Get Note) had its price target reduced by Robert W. Baird stock research analysts from $110.00 to $100.00 in a note issued to investors on Friday, reports The Fly. Robert W. Baird’s target price suggests a potential upside of 13.30% from the company’s previous close.

A number of other stock analysts also released reports on the stock. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its target price for the company from $108.00 to $80.00 in a research report on Friday . Cowen raised his price target on Columbia Sportswear shares from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 research report. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a Tuesday, Jan. 4, research report. StockNews.com picked up coverage of Columbia Sportswear stocks in a Thursday, March 31 research report. They issued a “buy” rating for the company. Finally, CL King upgraded shares of Columbia Sportswear to a “buy” rating and set a target price of $117.00 for the company in a research report on Friday, February 4. One research analyst rated the stock with a sell rating, five gave a hold rating and four issued a buy rating for the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.57.

COLM stock opened at $88.26 on Friday. Columbia Sportswear has a fifty-two week low of $83.61 and a fifty-two week high of $114.98. The company’s 50-day simple moving average is $89.97 and its 200-day simple moving average is $94.93. The stock has a market capitalization of $5.56 billion, a PE ratio of 16.47, a price-to-growth earnings ratio of 1.72 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, February 3. The textile maker reported earnings per share of $2.39 for the quarter, beating the Zacks consensus estimate of $1.78 by $0.61. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. The company posted revenue of $1.13 billion for the quarter, versus $1.06 billion for analysts. In the same quarter last year, the company achieved EPS of $1.44. On average, analysts expect Columbia Sportswear to post earnings per share of 5.76 for the current fiscal year.

Several large investors have recently bought and sold shares of the company. O Shares Investment Advisers LLC increased its stake in Columbia Sportswear by 2.3% during the fourth quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker valued at $547,000 after buying 128 additional shares last quarter. Mutual of America Capital Management LLC increased its stake in Columbia Sportswear by 0.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker valued at $3,013,000 after buying 151 additional shares last quarter. The Swiss National Bank increased its stake in Columbia Sportswear by 0.3% in the third quarter. The Swiss National Bank now owns 73,400 shares of the textile maker valued at $7,035,000 after buying 200 more shares last quarter. Louisiana State Employees Retirement System increased its stake in Columbia Sportswear by 2.2% during the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker valued at $817,000 after buying 200 more shares last quarter. Finally, First Manhattan Co. increased its stake in Columbia Sportswear by 304.9% during the third quarter. First Manhattan Co. now owns 332 shares of the textile maker valued at $31,000 after buying an additional 250 shares last quarter. Institutional investors hold 53.95% of the company’s shares.

About Columbia Sportswear (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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