Columbia Sportswear (NASDAQ:COLM – Get Note) had its price target reduced by Cowen investment analysts to $95.00 in a research note released on Monday, Stock Target Advisor reports. Cowen’s price target would suggest a potential upside of 25.68% from the company’s current price.
COLM has been the subject of several other reports. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6 research note. Cowen cut his price target on Columbia Sportswear shares from $116.00 to $100.00 in a Friday, May 13 research report. Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research report. Finally, 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 research report. April 29. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $98.43.
Columbia Sportswear is trading down 1.1%
Columbia Sportswear stock traded down $0.81 by midday on Monday, hitting $75.59. The company had a trading volume of 10,122 shares, compared to an average volume of 426,614. The company has a fifty-day simple moving average of $74.87 and a 200-day simple moving average of $84.55 . The company has a market capitalization of $4.75 billion, a P/E ratio of 13.62, a P/E/G ratio of 1.55 and a beta of 0.91. Columbia Sportswear has a fifty-two week low of $68.29 and a fifty-two week high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. In the same quarter last year, the company posted EPS of $0.84. Columbia Sportswear revenue for the quarter increased 21.7% year over year. Research analysts expect Columbia Sportswear to post EPS of 5.83 for the current year.
Insiders place their bets
In other Columbia Sportswear news, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total transaction 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 filing with the SEC, accessible via this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,568 shares of Columbia Sportswear in a trade dated Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. Following completion of the transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, manager Ronald E. Nelson sold 3,706 shares in a trade that took place on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company, valued at $1,154,464.32. The disclosure of this sale can be found here. Company insiders own 42.37% of the company’s shares.
Columbia Sportswear Institutional Trade
Several institutional investors and hedge funds have recently changed their positions in the company. Meeder Asset Management Inc. purchased a new stake in Columbia Sportswear in Q1 worth approximately $27,000. Exchange Traded Concepts LLC bought a new position in shares of Columbia Sportswear in the first quarter worth approximately $31,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Columbia Sportswear during the fourth quarter, valued at approximately $43,000. Lazard Asset Management LLC purchased a new stake in Columbia Sportswear during the first quarter for $45,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Columbia Sportswear by 233.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 716 shares of the textile maker worth $65,000 after buying 501 additional shares in the last quarter. Hedge funds and other institutional investors own 48.65% of the company’s shares.
Columbia Sportswear Company Profile
(Get an assessment)
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Columbia Sportswear right now?
Before you consider Columbia Sportswear, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Columbia Sportswear didn’t make the list.
While Columbia Sportswear currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here