Columbia Sportswear (NASDAQ:COLM) Stock Price Expected to Rise, TD Cowen Analyst Says

Columbia Sportswear (NASDAQ:COLM) had its target price lifted by stock analysts at TD Cowen from $70.00 to $84.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. TD Cowen’s target price indicates a potential downside of 3.63% from the company’s previous close.

Separately, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Columbia Sportswear has an average rating of “Hold” and a consensus target price of $78.75.

Columbia Sportswear Trading Up 0.3 %

NASDAQ:COLM opened at $87.16 on Tuesday. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $88.62. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 3.71 and a beta of 0.92. The business’s 50-day moving average price is $81.60 and its two-hundred day moving average price is $81.30.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Sell-side analysts predict that Columbia Sportswear will post 3.87 earnings per share for the current year.

Institutional Trading of Columbia Sportswear

A number of hedge funds and other institutional investors have recently made changes to their positions in COLM. GAMMA Investing LLC increased its stake in Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after buying an additional 142 shares during the last quarter. Blue Trust Inc. raised its holdings in Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Columbia Sportswear by 1.0% during the third quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock valued at $2,359,000 after purchasing an additional 275 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Columbia Sportswear by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 336 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Columbia Sportswear by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock valued at $2,005,000 after purchasing an additional 413 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.