Other stock analysts have also recently released research reports on the stock. 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 cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research report. Bank of America slashed 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. TheStreet upgraded Columbia Sportswear shares from a “b” to a “c+” rating in a Thursday, April 28 research report. Finally, Cowen lowered his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. One research analyst rated the stock with a sell rating, five gave the company a hold rating, and three gave the company a buy rating. Based on data from MarketBeat.com, Columbia Sportswear currently has an average rating of “Hold” and an average target price of $103.43.
NASDAQ COLM traded at $2.65 during Monday trading hours, hitting $71.38. The company had a trading volume of 13,949 shares, against an average volume of 441,810. The company’s 50-day moving average is $79.64 and its 200-day moving average is $88.44. The company has a market capitalization of $4.49 billion, a price/earnings ratio of 12.86, a P/E/G ratio of 1.44 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 a 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 consensus analyst estimates of $0.86 by $0.17. The company posted revenue of $761.50 million in the quarter, compared to $762.88 million expected by analysts. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company’s revenue for the quarter increased 21.7% year over year. During the same period a year earlier, the company posted EPS of $0.84. As a group, stock analysts predict Columbia Sportswear will post 5.88 EPS for the current fiscal year.
Separately, director Stephen E. Babson sold 2,568 shares of the company in a transaction that took place 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 completion of the sale, 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 Securities & Exchange Commission, available at this link. 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 completion of the transaction, the administrator now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. Disclosure of this sale can be found here. 42.37% of the shares are currently held by insiders of the company.
Institutional investors have recently been buying and selling shares of the stock. Meeder Asset Management Inc. acquired a new position in Columbia Sportswear in Q1 worth approximately $27,000. Exchange Traded Concepts LLC acquired a new position in Columbia Sportswear in Q1 worth approximately $31,000. Bedel Financial Consulting Inc. increased its stake in Columbia Sportswear by 300.0% in the 4th quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker worth $39,000 after purchasing an additional 300 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Columbia Sportswear in Q4 worth approximately $43,000. Finally, Lazard Asset Management LLC acquired a new position in Columbia Sportswear in Q1 worth approximately $45,000. 48.65% of the shares are held by hedge funds and other institutional investors.
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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