Columbia Sportswear (NASDAQ:COLM – Get Note) was downgraded by StockNews.com investment analysts from a “buy” rating to a “hold” rating in a research note released on Friday.
COLM has been the subject of a number of other research reports. Robert W. Baird cut his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a Thursday, July 28 research report. Cowen reduced his price target on Columbia Sportswear to $95.00 in a Monday, July 25 research report. Cowen lowered his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. UBS Group lowered its price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a Thursday, July 28 report. Finally, Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the company from $108.00 to $80.00 in a Friday report. April 29. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat.com, Columbia Sportswear currently has an average rating of “Hold” and an average price target of $89.38.
Columbia Sportswear Price Performance
NASDAQ COLM shares opened at $73.81 on Friday. The company has a 50-day simple moving average of $74.55 and a 200-day simple moving average of $83.49. The company has a market capitalization of $4.64 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.72 and a beta of 0.89. Columbia Sportswear has a 1-year minimum of $68.29 and a 1-year maximum of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported quarterly results on Wednesday, July 27. The textile maker reported earnings per share (EPS) of $0.11 for the quarter, beating analyst consensus estimates of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company’s revenues increased by 2.1% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $0.61. As a group, research analysts expect Columbia Sportswear to post EPS of 5.18 for the current year.
Columbia Sportswear Institutional Trade
Hedge funds have recently increased or reduced their holdings in the stock. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 64.9% during the first quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker worth $87,401,000 after buying an additional 380,140 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 36.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after buying an additional 366,034 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Columbia Sportswear by 52.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 730,724 shares of the textile maker worth $66,152,000 after buying an additional 252,733 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Columbia Sportswear during the first quarter at a value of $21,170,000. Finally, Marshall Wace LLP increased its stake in Columbia Sportswear by 3,353.7% during the fourth quarter. Marshall Wace LLP now owns 236,719 shares of the textile maker worth $23,065,000 after purchasing an additional 229,865 shares in the last quarter. 48.65% of the shares are held by institutional investors and hedge funds.
Columbia Sportswear Company Profile
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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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