COLM has been the subject of several other research reports. Cowen lowered his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. Cowen lowered his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a report of research from Friday, April 29. Finally, Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research report. One research analyst has assigned the stock a sell rating, five have assigned a hold rating and three have assigned the company’s stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.43.
Shares of Stock Columbia Sportswear traded at $2.65 in midday trading on Monday, hitting $71.38. 13,949 shares of the company have been traded, compared to its average volume of 441,810. The company has a market capitalization of $4.49 billion, a price/earnings ratio of 12.86, a price/earnings ratio of growth of 1.44 and a beta of 0.91. The company’s 50-day simple moving average is $79.64 and its 200-day simple moving average is $88.44. Columbia Sportswear has a 52-week low of $68.29 and a 52-week high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating consensus analyst estimates of $0.86 by $0.17. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. Columbia Sportswear revenue for the quarter increased 21.7% year over year. In the same quarter last year, the company achieved EPS of $0.84. As a group, research 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 the company in a trade dated Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following completion of the transaction, the administrator now directly owns 112,627 shares of the company, valued at $9,138,554.78. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. Additionally, director Ronald E. Nelson sold 3,706 shares of the company 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 sale, the director now directly owns 14,402 shares of the company, valued at $1,154,464.32. Disclosure of this sale can be found here. 42.37% of the shares are held by insiders.
Institutional investors and hedge funds have recently been buying and selling stocks. Teacher Retirement System of Texas increased its stake in shares of Columbia Sportswear by 31.5% during the fourth quarter. Teacher Retirement System of Texas now owns 7,035 shares of the textile maker worth $685,000 after buying 1,687 additional shares in the last quarter. Citigroup Inc. increased its stake in Columbia Sportswear by 28.0% in the fourth quarter. Citigroup Inc. now owns 13,222 shares of the textile maker valued at $1,288,000 after buying 2,896 additional shares last quarter. Pictet Asset Management SA increased its stake in Columbia Sportswear by 32.8% in the fourth quarter. Pictet Asset Management SA now owns 464,750 shares of the textile maker valued at $45,285,000 after buying an additional 114,671 shares last quarter. Aviva PLC increased its stake in Columbia Sportswear by 20.7% in the fourth quarter. Aviva PLC now owns 35,769 shares of the textile maker valued at $3,485,000 after buying an additional 6,145 shares last quarter. Finally, Strs Ohio purchased a new stake in Columbia Sportswear in the fourth quarter worth approximately $1,622,000. 48.65% of the shares are held by institutional investors and hedge funds.
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, the 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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