Columbia Sportswear (NASDAQ:COLM) Price Target Raised to $51.00

Columbia Sportswear (NASDAQ:COLM) had its target price lifted by UBS Group from $42.00 to $51.00 in a report issued on Monday,Benzinga reports. The firm presently has a “sell” rating on the textile maker’s stock. UBS Group’s target price would indicate a potential downside of 22.69% from the company’s previous close.

A number of other research firms have also commented on COLM. Citigroup reaffirmed a “neutral” rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Stifel Nicolaus dropped their target price on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.80.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $65.97 on Monday. Columbia Sportswear has a fifty-two week low of $59.07 and a fifty-two week high of $92.88. The stock has a market cap of $3.65 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. The stock has a 50 day simple moving average of $78.78 and a two-hundred day simple moving average of $82.35.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Columbia Sportswear during the 4th quarter valued at about $25,710,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Columbia Sportswear by 447.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker’s stock worth $24,715,000 after buying an additional 240,709 shares during the period. Barclays PLC lifted its stake in shares of Columbia Sportswear by 487.8% during the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker’s stock worth $22,770,000 after acquiring an additional 225,140 shares during the last quarter. American Century Companies Inc. boosted its holdings in Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after acquiring an additional 134,813 shares during the period. Finally, Millennium Management LLC bought a new position in Columbia Sportswear in the 4th quarter valued at $9,626,000. Institutional investors 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.