Cowen and Company Analysts Give Columbia Sportswear Company (COLM) a $58.00 Price Target
Columbia Sportswear Company (NASDAQ:COLM) received a $58.00 target price from research analysts at Cowen and Company in a research note issued to investors on Monday. The firm currently has a “hold” rating on the textile maker’s stock. Cowen and Company’s target price indicates a potential upside of 3.76% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Stifel Nicolaus set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research note on Sunday, July 30th. Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research reaffirmed a “neutral” rating and set a $58.00 target price on shares of Columbia Sportswear in a research note on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) cut Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $63.45.
Shares of Columbia Sportswear (COLM) traded down 0.55% during midday trading on Monday, hitting $55.59. The stock had a trading volume of 64,177 shares. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $63.55. The company has a market cap of $3.88 billion, a PE ratio of 20.27 and a beta of 0.80. The company’s 50 day moving average is $57.83 and its 200 day moving average is $56.82.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. The firm had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. On average, analysts anticipate that Columbia Sportswear will post $2.79 earnings per share for the current year.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $53.59, for a total transaction of $95,175.84. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $107,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 58.86% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in COLM. SG Americas Securities LLC bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $114,000. Ameritas Investment Partners Inc. bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $137,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Columbia Sportswear during the first quarter valued at about $153,000. Creative Planning boosted its stake in shares of Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock valued at $162,000 after buying an additional 17 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Columbia Sportswear by 11.2% in the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after buying an additional 339 shares during the period. 39.11% of the stock is currently owned by institutional investors and hedge funds.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
Receive News & Ratings for Columbia Sportswear Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Company and related companies with MarketBeat.com's FREE daily email newsletter.