Columbia Sportswear (NASDAQ:COLM) was downgraded by analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $78.00 target price on the textile maker’s stock. Goldman Sachs Group’s price objective suggests a potential upside of 11.25% from the stock’s current price.
COLM has been the subject of several other research reports. Cowen set a $58.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a report on Monday, August 21st. Robert W. Baird reissued a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear in a report on Sunday, October 22nd. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Pivotal Research started coverage on Columbia Sportswear in a report on Thursday, October 5th. They issued a “buy” rating and a $72.00 price target for the company. Finally, Stifel Nicolaus upped their price target on Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Columbia Sportswear presently has an average rating of “Buy” and an average price target of $68.50.
Shares of Columbia Sportswear (COLM) traded up $1.50 during mid-day trading on Tuesday, hitting $70.11. The stock had a trading volume of 384,828 shares, compared to its average volume of 185,656. The firm has a market cap of $4,899.01, a PE ratio of 25.13, a PEG ratio of 2.67 and a beta of 0.89. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $71.65.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. research analysts forecast that Columbia Sportswear will post 2.71 earnings per share for the current fiscal year.
In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the completion of the transaction, the director now owns 1,089 shares of the company’s stock, valued at $67,169.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter Klenz sold 11,608 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total value of $766,708.40. Following the transaction, the director now directly owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. Corporate insiders own 58.86% of the company’s stock.
Several institutional investors have recently made changes to their positions in COLM. Aperio Group LLC raised its holdings in shares of Columbia Sportswear by 8.2% during the second quarter. Aperio Group LLC now owns 7,611 shares of the textile maker’s stock valued at $442,000 after acquiring an additional 576 shares during the last quarter. US Bancorp DE raised its holdings in shares of Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after acquiring an additional 946 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Columbia Sportswear by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 204,514 shares of the textile maker’s stock valued at $11,875,000 after acquiring an additional 6,649 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Columbia Sportswear by 6.4% during the second quarter. First Trust Advisors LP now owns 35,154 shares of the textile maker’s stock valued at $2,041,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Columbia Sportswear by 9.0% in the second quarter. Rhumbline Advisers now owns 36,942 shares of the textile maker’s stock valued at $2,145,000 after purchasing an additional 3,039 shares in the last quarter. 39.13% of the stock is 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.