Columbia Sportswear (NASDAQ:COLM) Given New $62.00 Price Target at Barclays

Columbia Sportswear (NASDAQ:COLM - Get Free Report) had its price objective reduced by stock analysts at Barclays from $64.00 to $62.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the textile maker's stock. Barclays's price objective indicates a potential downside of 0.23% from the stock's current price.

COLM has been the topic of several other research reports. Citigroup reiterated a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Stifel Nicolaus cut their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday. UBS Group raised their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday, April 14th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $70.00.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded up $2.51 during trading on Friday, hitting $62.14. The company had a trading volume of 1,559,242 shares, compared to its average volume of 565,884. The firm has a market capitalization of $3.43 billion, a P/E ratio of 16.06, 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 $72.32 and a 200 day simple moving average of $80.47. Columbia Sportswear has a 12 month low of $58.44 and a 12 month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The company had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. During the same quarter last year, the company earned $0.71 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Insider Activity at Columbia Sportswear

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

Institutional Trading of Columbia Sportswear

A number of hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Whipplewood Advisors LLC raised its position in Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after buying an additional 620 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after purchasing an additional 181 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth about $76,000. Finally, Signaturefd LLC lifted its holdings in shares of Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after buying an additional 142 shares during the period. Hedge funds and other 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.