Other stock analysts have also recently released reports on the company. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. Bank of America downgraded 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 Friday research report April 29. Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research report. Cowen lowered his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, Cowen reduced his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and four have assigned the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $103.43.
Shares of COLM opened at $73.27 on Wednesday. The company has a market capitalization of $4.61 billion, a P/E ratio of 13.20, a price-to-earnings growth ratio of 1.44 and a beta of 0.91. The company’s 50-day moving average price is $76.40 and its 200-day moving average price is $86.49. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $0.84. As a group, research analysts expect Columbia Sportswear to post earnings per share of 5.88 for the current year.
Separately, director Stephen E. Babson sold 2,568 shares in a trade 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 owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. Additionally, manager Ronald E. Nelson sold 3,706 shares in a trade 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 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 held by insiders.
A number of large investors have recently changed their stock holdings. Thrivent Financial for Lutherans increased its stake in shares of Columbia Sportswear by 12.7% in Q3. Thrivent Financial for Lutherans now owns 9,173 shares of the textile maker worth $879,000 after acquiring 1,031 additional shares during the period. Bank of New York Mellon Corp increased its stake in shares of Columbia Sportswear by 8.4% in the third quarter. Bank of New York Mellon Corp now owns 337,831 shares of the textile maker worth $32,378,000 after acquiring an additional 26,309 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Columbia Sportswear by 242.1% in Q4. Crossmark Global Holdings Inc. now owns 11,530 shares of the textile maker worth $1,123,000 after acquiring 8,160 additional shares during the period. The Alaska State Department of Revenue increased its stake in Columbia Sportswear stock by 41.4% in Q4. The Alaska State Department of Revenue now owns 11,070 shares of the textile maker worth $1,078,000 after acquiring 3,243 additional shares during the period. Finally, M&G Investment Management Ltd. increased its stake in shares of Columbia Sportswear by 52.1% in the 4th quarter. M&G Investment Management Ltd. now owns 44,350 shares of the textile maker worth $4,302,000 after acquiring an additional 15,196 shares during the period. Hedge funds and other institutional investors hold 48.65% of the company’s shares.
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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