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

Key Points

• Barclays has lowered the price target for Columbia Sportswear (NASDAQ:COLM) from $62.00 to $51.00, maintaining an "equal weight" rating on the stock.
• Columbia Sportswear recently reported quarterly earnings with EPS of ($0.19), exceeding estimates, and a revenue increase of 6.1% year-over-year.
• The company's average price target from analysts is currently $65.80, with mixed ratings: one sell, five holds, and one buy.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) had its target price lowered by equities researchers at Barclays from $62.00 to $51.00 in a report released on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the textile maker's stock. Barclays's price objective points to a potential downside of 2.53% from the company's previous close.

Other research analysts have also issued reports about the stock. Stifel Nicolaus dropped their price target 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. Citigroup reaffirmed a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Needham & Company LLC began coverage on Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Finally, UBS Group upped their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.80.

Columbia Sportswear Stock Up 2.4%

COLM traded up $1.24 during trading on Friday, hitting $52.32. 595,018 shares of the company's stock were exchanged, compared to its average volume of 778,993. The business's 50 day moving average is $61.10 and its two-hundred day moving average is $70.47. The stock has a market cap of $2.89 billion, a P/E ratio of 13.35, a PEG ratio of 3.33 and a beta of 1.00. Columbia Sportswear has a fifty-two week low of $48.10 and a fifty-two week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%. The business had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same quarter in the previous year, the business earned ($0.20) EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the sale, the director owned 128,309 shares of the company's stock, valued at $8,460,695.46. This represents a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 48.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Columbia Sportswear

A number of large investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Columbia Sportswear during the first quarter valued at approximately $38,000. Jones Financial Companies Lllp lifted its position in Columbia Sportswear by 208.3% during the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock valued at $42,000 after acquiring an additional 375 shares during the period. Quarry LP bought a new position in shares of Columbia Sportswear during the first quarter valued at approximately $44,000. Whipplewood Advisors LLC increased 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 valued at $47,000 after buying an additional 620 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Columbia Sportswear by 1,943.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock worth $68,000 after acquiring an additional 855 shares in the last quarter. 47.76% of the stock is currently owned by 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.