Columbia Sportswear (COLM) Rating Lowered to Buy at BidaskClub
Columbia Sportswear (NASDAQ:COLM) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.
Other analysts have also recently issued reports about the stock. DA Davidson set a $77.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research note on Tuesday, December 5th. Goldman Sachs Group downgraded shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a report on Tuesday. Canaccord Genuity set a $60.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a report on Friday, October 27th. Citigroup boosted their target price on shares of Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $66.21.
Shares of Columbia Sportswear (COLM) opened at $68.28 on Tuesday. The firm has a market capitalization of $4,770.00, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.63 and a beta of 0.89. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $71.65.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $747.37 million for the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. equities research analysts predict that Columbia Sportswear will post 2.71 earnings per share for the current fiscal year.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of Columbia Sportswear stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of Columbia Sportswear stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the transaction, the director now owns 1,089 shares in the company, valued at $67,169.52. The disclosure for this sale can be found here. Corporate insiders own 58.86% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its position in shares of Columbia Sportswear by 15.7% in the third quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock worth $734,000 after buying an additional 1,621 shares during the last quarter. California Public Employees Retirement System increased its stake in Columbia Sportswear by 1.3% during the third quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock valued at $4,415,000 after acquiring an additional 900 shares during the period. Invictus RG bought a new position in Columbia Sportswear during the third quarter valued at about $207,000. OxFORD Asset Management LLP increased its stake in Columbia Sportswear by 38.3% during the third quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock valued at $575,000 after acquiring an additional 2,621 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Columbia Sportswear by 21.2% during 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 acquiring an additional 43,329 shares during the period. 39.13% of the stock is owned by hedge funds and other institutional investors.
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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.
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