Columbia Sportswear (NASDAQ:COLM) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their neutral rating on shares of Columbia Sportswear (NASDAQ:COLM) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a $80.00 price target on the textile maker’s stock.

COLM has been the topic of several other reports. StockNews.com upgraded Columbia Sportswear from a hold rating to a buy rating in a research report on Monday, June 3rd. Stifel Nicolaus raised shares of Columbia Sportswear from a hold rating to a buy rating and raised their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Columbia Sportswear has a consensus rating of Hold and an average price target of $78.20.

Columbia Sportswear Stock Down 1.8 %

Columbia Sportswear stock opened at $77.63 on Thursday. The firm’s 50-day simple moving average is $81.57 and its 200 day simple moving average is $79.99. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The firm has a market capitalization of $4.59 billion, a PE ratio of 18.93, a P/E/G ratio of 3.21 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly 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 net margin of 7.20% and a return on equity of 13.98%. The company had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, research analysts expect that Columbia Sportswear will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Columbia Sportswear

In other news, CFO Jim A. Swanson sold 7,199 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of Columbia Sportswear stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the sale, the director now directly owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Columbia Sportswear

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter worth approximately $6,982,000. Charles Schwab Investment Management Inc. increased its stake in Columbia Sportswear by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 515,735 shares of the textile maker’s stock valued at $41,022,000 after purchasing an additional 18,001 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Columbia Sportswear by 58.7% in the 4th quarter. Trexquant Investment LP now owns 39,446 shares of the textile maker’s stock worth $3,138,000 after buying an additional 14,588 shares during the last quarter. Duality Advisers LP boosted its holdings in shares of Columbia Sportswear by 225.2% in the 1st quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock valued at $3,267,000 after buying an additional 27,868 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Columbia Sportswear by 1,964.4% during the 1st quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after buying an additional 9,822 shares during the last quarter. Institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

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.