Columbia Sportswear (NASDAQ:COLM) Given New $84.00 Price Target at TD Cowen

Columbia Sportswear (NASDAQ:COLM) had its price objective raised by research 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 price target indicates a potential downside of 4.47% from the company’s previous close.

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.75.

Columbia Sportswear Trading Down 0.2 %

Columbia Sportswear stock traded down $0.14 during mid-day trading on Tuesday, hitting $87.93. The company had a trading volume of 85,161 shares, compared to its average volume of 462,711. The stock’s 50 day moving average price is $81.53 and its two-hundred day moving average price is $81.28. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $88.62. The company has a market capitalization of $5.03 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. Columbia Sportswear’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. Equities research analysts anticipate that Columbia Sportswear will post 3.87 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Columbia Sportswear by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after acquiring an additional 21,104 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Columbia Sportswear by 1.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock valued at $2,005,000 after acquiring an additional 413 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Columbia Sportswear by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,690 shares of the textile maker’s stock valued at $2,005,000 after acquiring an additional 970 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Columbia Sportswear by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after acquiring an additional 336 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Columbia Sportswear during the 1st quarter valued at $845,000. 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.