Columbia Sportswear (NASDAQ:COLM) Receives $104.55 Average Price Target from Analysts

Columbia Sportswear (NASDAQ:COLM) has been given a consensus rating of “Buy” by the fifteen analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $105.64.

Several brokerages recently weighed in on COLM. Citigroup upped their price target on Columbia Sportswear from $64.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. BTIG Research assumed coverage on shares of Columbia Sportswear in a research report on Tuesday, April 28th. They issued a “neutral” rating on the stock. DA Davidson upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday, June 24th. Cfra dropped their price objective on shares of Columbia Sportswear from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Pivotal Research cut their price objective on shares of Columbia Sportswear from $101.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday, April 29th.

In other news, major shareholder Gertrude Boyle Trust sold 11,801 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $83.22, for a total transaction of $982,079.22. Following the transaction, the insider now directly owns 1,154,136 shares of the company’s stock, valued at $96,047,197.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Sarah Bany sold 13,800 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $73.05, for a total value of $1,008,090.00. Following the sale, the insider now directly owns 1,154,136 shares in the company, valued at $84,309,634.80. The disclosure for this sale can be found here. Insiders sold 116,381 shares of company stock valued at $9,134,847 over the last ninety days. Corporate insiders own 41.15% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank bought a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $36,000. FinTrust Capital Advisors LLC purchased a new stake in Columbia Sportswear in the first quarter worth approximately $43,000. Meeder Asset Management Inc. grew its position in Columbia Sportswear by 13.3% in the 4th quarter. Meeder Asset Management Inc. now owns 1,225 shares of the textile maker’s stock worth $123,000 after purchasing an additional 144 shares during the period. Ellevest Inc. purchased a new stake in Columbia Sportswear during the 1st quarter valued at $94,000. Finally, Huntington National Bank lifted its holdings in shares of Columbia Sportswear by 77.5% during the 1st quarter. Huntington National Bank now owns 1,448 shares of the textile maker’s stock valued at $101,000 after buying an additional 632 shares during the period. Institutional investors and hedge funds own 41.83% of the company’s stock.

Shares of NASDAQ COLM traded up $2.20 during midday trading on Tuesday, hitting $79.86. 368,200 shares of the company traded hands, compared to its average volume of 445,726. Columbia Sportswear has a 12-month low of $51.82 and a 12-month high of $109.44. The firm has a market cap of $5.13 billion, a P/E ratio of 21.24, a P/E/G ratio of 14.15 and a beta of 0.64. The stock has a 50-day moving average price of $74.84 and a 200 day moving average price of $81.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.86 and a current ratio of 2.80.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.56). Columbia Sportswear had a net margin of 8.68% and a return on equity of 14.34%. The firm had revenue of $568.23 million for the quarter, compared to the consensus estimate of $597.75 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue was down 13.2% compared to the same quarter last year. As a group, equities analysts expect that Columbia Sportswear will post 1.76 earnings per share for the current year.

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 and 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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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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