Columbia Sportswear (NASDAQ: COLM) reduced to $100.00

Columbia Sportswear (NASDAQ: COLM – Get Rating) The price target was lowered by Coin research analysts from $116.00 to $100.00 in a report released on Friday, according to Stock Target Advisor. Coin’s price target indicates a potential rise of 25.20% from the current share price.

Other research analysts also recently issued reports on the company. CL King upgraded Columbia Sportswear to a “buy” rating and set a $117.00 price target for the stock in a report on Friday, February 4th. Zacks Investment Research lowered Columbia Sportswear from a “buy” rating to a “hold” rating and set a target price of $92.00 per share. In a report on Tuesday, April 12th. Quinn cut the price target for Columbia Sportswear shares from $116.00 to $100.00 in a research note on Friday. TheStreet lowered Columbia Sportswear’s stock rating from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Finally, StockNews.com lowered Columbia Sportswear’s stock rating from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.00.

Nasdaq: COLM traded up $2.38 during trading hours on Friday, reaching $79.87. 13.788 shares of the company’s stock were traded compared to an average trading volume of 441,032. Columbia Sportswear had a one-year low of $74.06 and a one-year high of $107.50. The stock has a market capitalization of $5.02 billion, a P/E ratio of 14.39, a P/E ratio of 1.54 and a beta of 0.90. The 50-day moving average for the company is $87.21 and the 200-day moving average is $93.67.

Columbia Sportswear (NASDAQ: COLM – Get Rating) released its latest quarterly earnings results on Thursday, April 28. The textile maker reported $1.03 earnings per share for the quarter, topping analysts’ estimates of $0.85 by $0.18. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company generated $761.50 million in revenue for the quarter, compared to analysts’ expectations of $762.88 million. During the same quarter last year, the company reported $0.84 in earnings per share. The company’s revenue increased by 21.7% compared to the same quarter last year. As a group, analysts expect Columbia Sportswear to report 5.85 EPS for the current fiscal year.

In other news, director Stephen E. Babson sold 2,568 shares of the company’s stock in a transaction that took place on Tuesday, May 3rd. The shares were sold at an average price of $81.14, with a total value of $208,367.52. Following the completion of the sale, the director now directly owns 112,627 shares of the company’s stock, valued at approximately $9,138,554.78. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Also, director Ronald E. Nelson sold 3,706 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. After the sale, the director now owns 14,402 shares in the company, valued at approximately $1,154,464.32. The disclosure of this sale can be found here. Insiders own 41.15% of the company’s shares.

Institutional investors have recently added or reduced their stakes in a business. Manufacturer Life Insurance Company increased its stake in Columbia Sportswear by 10.3% in the third quarter. Manufacturers Life Insurance Corporation now owns 236,686 shares of the textile manufacturer’s stock valued at $22,684,000 after purchasing an additional 22,167 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in Columbia Sportswear by 16.5% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 12,427 shares of the textile manufacturer’s stock valued at $1,191,000 after acquiring an additional 1,762 shares in the last quarter. Strs Ohio Corporation bought a new stake in Columbia Sportswear in the fourth quarter valued at approximately $1,622,000. Alaska State Department of Revenue boosted its stake in Columbia Sportswear Inc by 41.4% during the fourth quarter. The Alaska Department of Revenue now owns 11,070 shares of the textile maker’s stock valued at $1,078,000 after purchasing an additional 3,243 shares during the period. Finally, First Republic Investment Management Inc. Its stake in Columbia Sportswear Inc increased by 7.5% during the third quarter. First Republic Investment Management Inc. Now 3,940 shares of the textile manufacturer’s stock are valued at $378,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 48.65% of the company’s stock.

About Columbia Sportswear (Get Rating)

Columbia Sportswear, Inc., along with its subsidiaries, designs, sources, markets, and distributes apparel, footwear, accessories, and equipment for the outdoor, active, and daily life in the United States, Latin America, the Asia Pacific region, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, mountaineering, mountaineering, camping, hunting, fishing, running, water sports, yoga, golf and adventure travel.

see also

Stock Target Advisor . logo

Analyst Recommendations for Columbia Sportswear (NASDAQ: COLM)

This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Columbia Sportswear now?

Before you even think about Columbia tracksuits, you’ll want to hear it.

MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before they capture the broader market… Columbia Sportswear wasn’t on the list.

While Columbia Sportswear currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View stock 5 here

Leave a Reply

%d bloggers like this: