Columbia Sportswear (NASDAQ:COLM – Get a rating) had its price target reduced by Robert W. Baird stock research analysts from $110.00 to $100.00 in a note issued to investors on Friday, Fly reports. Robert W. Baird’s target price suggests a potential upside of 13.30% from the company’s previous close.
A number of other stock analysts also released reports on the stock. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its target price for the company from $108.00 to $80.00 in a research report on Friday . Cowen raised his price target on Columbia Sportswear shares from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 research report. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a Tuesday, Jan. 4, research report. StockNews.com purported coverage of Columbia Sportswear stock in a Thursday, March 31, research report. They issued a “buy” rating for the company. Finally, CL King upgraded shares of Columbia Sportswear to a “buy” rating and set a target price of $117.00 for the company in a research report on Friday, February 4. One research analyst rated the stock with a sell rating, five gave a hold rating and four issued a buy rating for the company’s shares. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.57.
COLM share opened at $88.26 on Friday. Columbia Sportswear has a fifty-two week low of $83.61 and a fifty-two week high of $114.98. The company’s 50-day simple moving average is $89.97 and its 200-day simple moving average is $94.93. The stock has a market capitalization of $5.56 billion, a PE ratio of 16.47, a price-to-growth earnings ratio of 1.72 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly earnings data on Thursday, February 3. The textile maker reported earnings per share of $2.39 for the quarter, beating the Zacks consensus estimate of $1.78 by $0.61. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. The company posted revenue of $1.13 billion for the quarter, compared to $1.06 billion for analysts. In the same quarter last year, the company achieved EPS of $1.44. On average, analysts expect Columbia Sportswear to post earnings per share of 5.76 for the current fiscal year.
Several large investors have recently bought and sold shares of the company. O Shares Investment Advisers LLC increased its stake in Columbia Sportswear by 2.3% during the fourth quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker valued at $547,000 after buying 128 additional shares last quarter. Mutual of America Capital Management LLC increased its stake in Columbia Sportswear by 0.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker valued at $3,013,000 after buying 151 additional shares last quarter. The Swiss National Bank increased its stake in Columbia Sportswear by 0.3% in the third quarter. The Swiss National Bank now owns 73,400 shares of the textile maker valued at $7,035,000 after buying 200 more shares last quarter. Louisiana State Employees Retirement System increased its stake in Columbia Sportswear by 2.2% during the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker valued at $817,000 after buying 200 more shares last quarter. Finally, First Manhattan Co. increased its stake in Columbia Sportswear by 304.9% during the third quarter. First Manhattan Co. now owns 332 shares of the textile maker valued at $31,000 after buying an additional 250 shares last quarter. Institutional investors hold 53.95% of the company’s shares.
About Columbia Sportswear (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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