Columbia Sportswear (NASDAQ: COLM) was downgraded by analysts at Wolfe Research to a “neutral” rating in a report released Tuesday, Fly reports.
A number of other stock analysts also weighed on the company. Robert W. Baird downgraded Columbia Sportswear from an “outperforming” rating to a “neutral” rating and lowered its target price for the stock from $ 130.00 to $ 107.00 in a research note Tuesday. Bank of America downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $ 137.00 to $ 108.00 in a research note on Tuesday 5 October. Stifel Nicolaus downgraded Columbia Sportswear from a “buy” rating to a “conservation” rating and lowered its target price for the stock from $ 126.00 to $ 111.00 in a research note on Thursday 16 December. Finally, Zacks investment research downgraded Columbia Sportswear from a “keep” rating to a “sell” rating and set a target price of $ 104.00 for the stock. in a research note Tuesday. One investment analyst rated the stock with a sell rating, five issued a custody rating, and one assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $ 112.67.
COLM shares traded up $ 0.10 at midday on Tuesday, reaching $ 98.20. The company’s shares had a trading volume of 11,399 shares, compared to an average volume of 339,446. Columbia Sportswear has a one-year low at $ 84.19 and a one-year high at $ 114.98 . The stock has a market cap of $ 6.40 billion, a P / E ratio of 22.27, a PEG ratio of 0.61 and a beta of 0.90. The company has a 50-day simple moving average of $ 100.40 and a two-hundred-day simple moving average of $ 100.16.
Columbia Sportswear (NASDAQ: COLM) last released its quarterly earnings data on Thursday, October 28. The textile maker reported earnings per share (EPS) of $ 1.52 for the quarter, beating Zacks’ consensus estimate of $ 1.31 by $ 0.21. Columbia Sportswear reported a return on equity of 15.74% and a net margin of 10.06%. The company posted revenue of $ 804.70 million in the quarter, against analysts’ expectations of $ 862.03 million. During the same period last year, the company posted earnings per share of $ 0.94. The company’s revenue increased 14.8% year-on-year. As a group, research analysts predict that Columbia Sportswear will post 4.72 EPS for the current fiscal year.
In other Columbia Sportswear news, the director Walter Klenz sold 1,192 shares of the company in a trade on Friday, November 12. The stock was sold for an average price of $ 105.97, for a total trade of $ 126,316.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 40.33% of the shares are held by insiders of the company.
Institutional investors and hedge funds have recently changed their holdings in the company. First Manhattan Co. increased its stake in Columbia Sportswear shares by 304.9% in the 3rd quarter. First Manhattan Co. now owns 332 shares of the textile maker valued at $ 31,000 after buying 250 more shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in Columbia Sportswear shares by 53.2% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 950 shares of the textile maker valued at $ 93,000 after buying an additional 330 shares in the last quarter. The New York State Teachers’ Pension System increased its stake in Columbia Sportswear stocks by 653.7% in the 3rd quarter. The New York State Teachers’ Pension System now owns 2,261 shares of the textile maker valued at $ 217,000 after buying 1,961 more shares in the last quarter. JustInvest LLC purchased a new position in Columbia Sportswear shares in the 2nd quarter valued at $ 220,000. Finally, MML Investors Services LLC purchased a new position in Columbia Sportswear shares in the second quarter valued at $ 236,000. Institutional investors hold 51.67% of the company’s shares.
Columbia Sportswear Company Profile
Columbia Sportswear Co is engaged in the design, sourcing, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: the United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canadian.
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