Columbia Sportswear (NASDAQ:COLM) Price Target Raised to $84.00

Columbia Sportswear (NASDAQ:COLM) had its price objective lifted by investment analysts at Stifel Nicolaus from $75.00 to $84.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 5.00% from the company’s current price.

COLM has been the topic of several other reports. UBS Group cut their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research report on Friday, February 2nd. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and an average target price of $78.60.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $80.00 on Friday. The stock’s fifty day moving average price is $78.80 and its 200 day moving average price is $77.99. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $88.17. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 3.24 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.99% and a net margin of 7.20%. The firm had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. Research analysts expect that Columbia Sportswear will post 3.68 earnings per share for the current year.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the sale, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in shares of Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after acquiring an additional 195 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Columbia Sportswear by 44.3% during the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC raised its position in shares of Columbia Sportswear by 125.7% during the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after purchasing an additional 338 shares during the last quarter. Finally, Quent Capital LLC raised its position in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after purchasing an additional 273 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.