Posted by Scott Davis
Columbia Sportswear (NASDAQ:COLM) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.
A number of other analysts have also recently commented on COLM. Zacks Investment Research upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Friday, January 18th. Wedbush reiterated an “outperform” rating and issued a $104.00 price target on shares of Columbia Sportswear in a research note on Tuesday, November 13th. DA Davidson raised their target price on shares of Columbia Sportswear to $116.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Macquarie set a $118.00 target price on shares of Columbia Sportswear and gave the stock a “buy” rating in a research note on Friday, February 8th. Finally, Canaccord Genuity restated a “hold” rating and set a $104.00 target price (up previously from $93.00) on shares of Columbia Sportswear in a research note on Friday, February 8th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Buy” and a consensus target price of $106.53. Get Columbia Sportswear alerts:
COLM stock traded up $2.17 during trading hours on Friday, reaching $105.12. The stock had a trading volume of 281,736 shares, compared to its average volume of 399,171. The stock has a market cap of $7.26 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.18 and a beta of 0.68. Columbia Sportswear has a fifty-two week low of $74.23 and a fifty-two week high of $109.74. Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 7th. The textile maker reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.41. The firm had revenue of $917.60 million during the quarter, compared to analysts’ expectations of $859.06 million. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.83%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. On average, research analysts expect that Columbia Sportswear will post 4.44 EPS for the current fiscal year.
In related news, Director Walter Klenz sold 6,754 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $105.87, for a total transaction of $715,045.98. Following the transaction, the director now directly owns 15,678 shares of the company’s stock, valued at $1,659,829.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, Director Edward S. George sold 5,630 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $105.19, for a total transaction of $592,219.70. Following the transaction, the director now directly owns 7,630 shares in the company, valued at $802,599.70. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 81,919 shares of company stock valued at $8,651,940. 56.68% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Murphy Pohlad Asset Management LLC bought a new position in Columbia Sportswear during the fourth quarter worth about $42,000. Commonwealth Bank of Australia bought a new position in Columbia Sportswear during the third quarter worth about $111,000. Tower Research Capital LLC TRC increased its position in Columbia Sportswear by 268.3% during the third quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock worth $143,000 after acquiring an additional 1,119 shares during the period. CENTRAL TRUST Co bought a new position in Columbia Sportswear during the fourth quarter worth about $145,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Columbia Sportswear during the fourth quarter worth about $176,000. 37.40% of the stock is currently owned by institutional investors and hedge funds.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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