Columbia Sportswear (NASDAQ:COLM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Columbia Sportswear (NASDAQ:COLM) had its price objective lifted by equities research analysts at Stifel Nicolaus from $92.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 10.99% from the company’s current price.

Other analysts have also recently issued research reports about the stock. TD Cowen raised their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $80.75.

Columbia Sportswear Trading Up 0.0 %

Shares of COLM opened at $90.10 on Wednesday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.24. The firm has a 50-day moving average price of $82.85 and a 200 day moving average price of $81.58. The firm has a market capitalization of $5.15 billion, a P/E ratio of 24.89, a P/E/G ratio of 3.71 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities research analysts predict that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position 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 purchasing an additional 142 shares during the last quarter. Blue Trust Inc. boosted its stake in Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares during the period. GHP Investment Advisors Inc. boosted its stake in Columbia Sportswear by 1.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock worth $2,359,000 after purchasing an additional 275 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Columbia Sportswear by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock worth $2,686,000 after purchasing an additional 506 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in Columbia Sportswear by 2.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock worth $1,980,000 after purchasing an additional 538 shares during the period. 47.76% of the stock is 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.