Columbia Sportswear (COLM) Given a $74.00 Price Target by Cowen Analysts

Columbia Sportswear (NASDAQ:COLM) received a $74.00 target price from stock analysts at Cowen in a report released on Monday. The brokerage currently has a “hold” rating on the textile maker’s stock. Cowen’s price objective suggests a potential downside of 0.88% from the company’s current price.

COLM has been the topic of several other research reports. Pivotal Research reaffirmed a “buy” rating and issued a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Bank of America lifted their price objective on shares of Columbia Sportswear from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Buckingham Research lifted their price objective on shares of Columbia Sportswear from $67.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Goldman Sachs Group lowered shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research note on Tuesday, December 12th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $76.87.

Shares of Columbia Sportswear (NASDAQ COLM) traded up $1.36 during midday trading on Monday, hitting $74.66. 426,616 shares of the stock traded hands, compared to its average volume of 261,077. The company has a market cap of $5,359.53, a price-to-earnings ratio of 50.11, a PEG ratio of 2.39 and a beta of 0.95. Columbia Sportswear has a one year low of $51.56 and a one year high of $79.21.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.16. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $762.18 million. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.73%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. analysts predict that Columbia Sportswear will post 3.25 earnings per share for the current fiscal year.

In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now directly owns 21,619 shares in the company, valued at approximately $1,427,934.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 58.86% of the company’s stock.

A number of hedge funds have recently made changes to their positions in COLM. JPMorgan Chase & Co. raised its holdings in Columbia Sportswear by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock worth $108,662,000 after buying an additional 148,269 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Columbia Sportswear by 14.8% in the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after purchasing an additional 137,900 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Columbia Sportswear by 6.0% in the second quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after purchasing an additional 98,264 shares during the last quarter. Eaton Vance Management acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at approximately $3,954,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Columbia Sportswear by 21.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock valued at $15,263,000 after purchasing an additional 43,329 shares during the last quarter. Hedge funds and other institutional investors own 38.32% of the company’s stock.

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About Columbia Sportswear

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.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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