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

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

Other analysts also recently issued reports about the stock. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen upped their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus price target of $80.75.

Columbia Sportswear Stock Up 0.0 %

NASDAQ COLM opened at $90.10 on Wednesday. The firm has a market cap of $5.15 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. The company has a 50 day moving average price of $82.85 and a 200 day moving average price of $81.58. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.24.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.20. The company 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 was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, equities research analysts anticipate that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Columbia Sportswear

A number of large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Columbia Sportswear in the second quarter valued at about $253,000. Blue Trust Inc. raised its position in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after buying an additional 225 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of Columbia Sportswear by 1.1% in the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after buying an additional 13,636 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Columbia Sportswear by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 425,483 shares of the textile maker’s stock valued at $33,647,000 after buying an additional 15,375 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in shares of Columbia Sportswear by 16.2% in the second quarter. Legato Capital Management LLC now owns 23,150 shares of the textile maker’s stock valued at $1,831,000 after buying an additional 3,231 shares during 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.