Columbia Sportswear Company (NASDAQ:COLM) Given Consensus Rating of "Hold" by Analysts

Shares of Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) have been given a consensus rating of "Hold" by the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.00.

A number of research firms recently issued reports on COLM. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group increased their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Needham & Company LLC initiated coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating on the stock. Stifel Nicolaus decreased their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Barclays dropped their target price on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded up $0.19 during trading hours on Wednesday, hitting $60.63. The company's stock had a trading volume of 482,603 shares, compared to its average volume of 554,649. Columbia Sportswear has a 12 month low of $58.44 and a 12 month high of $92.88. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 4.08 and a beta of 0.97. The business has a 50-day simple moving average of $62.19 and a 200-day simple moving average of $71.69.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted 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 12.57% and a net margin of 6.61%. The firm had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. The business's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, equities research analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction dated 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 directly owned 128,309 shares in the company, valued at approximately $8,460,695.46. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Columbia Sportswear during the first quarter valued at $38,000. Jones Financial Companies Lllp grew its position in Columbia Sportswear by 208.3% in the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock worth $42,000 after purchasing an additional 375 shares during the period. Quarry LP bought a new position in shares of Columbia Sportswear during the 1st quarter valued at $44,000. Whipplewood Advisors LLC boosted its stake in shares of Columbia Sportswear by 12,400.0% in 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. Finally, Caitong International Asset Management Co. Ltd increased its position in Columbia Sportswear by 1,943.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock valued at $68,000 after acquiring an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

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.