Stifel Nicolaus Issues Pessimistic Forecast for Columbia Sportswear (NASDAQ:COLM) Stock Price

Columbia Sportswear (NASDAQ:COLM) had its target price lowered by investment analysts at Stifel Nicolaus from $100.00 to $91.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 38.68% from the company’s previous close.

COLM has been the topic of several other research reports. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $65.62 on Thursday. Columbia Sportswear has a one year low of $59.07 and a one year high of $92.88. The company’s fifty day moving average price is $79.45 and its 200-day moving average price is $82.55. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Equities research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richelle T. Luther sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, the executive vice president now owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after purchasing an additional 13,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Columbia Sportswear during the 4th quarter worth $1,904,000. Proficio Capital Partners LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth $1,472,000. Truist Financial Corp grew its holdings in shares of Columbia Sportswear by 143.6% during the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker’s stock worth $999,000 after buying an additional 7,019 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $296,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.