Barclays Cuts Columbia Sportswear (NASDAQ:COLM) Price Target to $62.00

Columbia Sportswear (NASDAQ:COLM - Get Free Report) had its target price dropped by Barclays from $64.00 to $62.00 in a report released on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the textile maker's stock. Barclays's price objective indicates a potential downside of 3.72% from the company's current price.

A number of other research firms also recently commented on COLM. Stifel Nicolaus cut their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group boosted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Finally, Citigroup reiterated a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $70.00.

Columbia Sportswear Stock Up 1.9 %

COLM traded up $1.18 during trading hours on Friday, reaching $64.39. 398,831 shares of the company's stock traded hands, compared to its average volume of 571,418. The firm has a 50-day moving average price of $71.79 and a 200 day moving average price of $80.35. Columbia Sportswear has a 52-week low of $58.44 and a 52-week high of $92.88. The firm has a market capitalization of $3.55 billion, a PE ratio of 16.61, a PEG ratio of 2.54 and a beta of 1.00.

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

Insider Buying and Selling at Columbia Sportswear

In related 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 transaction, the director now directly owns 17,048 shares in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The transaction 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 Columbia Sportswear stock in a transaction on Wednesday, February 26th. The shares were 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 position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COLM. Smartleaf Asset Management LLC boosted its holdings in Columbia Sportswear by 184.8% during the 4th 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 during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Columbia Sportswear in the first quarter valued at $38,000. Whipplewood Advisors LLC raised its stake in Columbia Sportswear by 12,400.0% in the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after buying an additional 620 shares in the last quarter. GAMMA Investing LLC boosted its stake in Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock valued at $50,000 after acquiring an additional 181 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Columbia Sportswear during the fourth quarter worth about $76,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

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.