A number of other research firms have also recently issued reports on COLM. Wedbush upped their price target on shares of Columbia Sportswear from $79.00 to $88.00 and gave the company an outperform rating in a report on Thursday, July 23rd. Cfra decreased their target price on Columbia Sportswear from $120.00 to $115.00 and set a buy rating for the company in a research note on Friday, May 1st. DA Davidson raised Columbia Sportswear from a neutral rating to a buy rating and set a $100.00 price target on the stock in a research report on Wednesday, June 24th. Pivotal Research cut their price target on Columbia Sportswear from $101.00 to $84.00 and set a hold rating for the company in a report on Wednesday, April 29th. Finally, BTIG Research began coverage on shares of Columbia Sportswear in a research note on Tuesday, April 28th. They issued a neutral rating on the stock. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Columbia Sportswear currently has a consensus rating of Buy and a consensus target price of $101.30.
Shares of Columbia Sportswear stock opened at $75.84 on Thursday. Columbia Sportswear has a 12-month low of $51.82 and a 12-month high of $109.44. The company has a quick ratio of 1.86, a current ratio of 2.80 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $78.99 and a two-hundred day moving average price of $78.13. The stock has a market capitalization of $5.01 billion, a P/E ratio of 28.62, a PEG ratio of 11.96 and a beta of 0.67.
In related news, major shareholder Gertrude Boyle Trust sold 666,715 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $78.77, for a total value of $52,517,140.55. Following the completion of the transaction, the insider now owns 7,360,822 shares of the company’s stock, valued at $579,811,948.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sarah Bany sold 3,410 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $73.32, for a total transaction of $250,021.20. Following the transaction, the insider now owns 1,154,136 shares of the company’s stock, valued at approximately $84,621,251.52. The disclosure for this sale can be found here. Insiders sold 1,615,098 shares of company stock valued at $126,863,011 over the last 90 days. 41.15% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in COLM. FinTrust Capital Advisors LLC bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $43,000. Dupont Capital Management Corp acquired a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $58,000. American National Bank acquired a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $81,000. Ellevest Inc. bought a new stake in shares of Columbia Sportswear in the 1st quarter worth about $94,000. Finally, Huntington National Bank increased its position in shares of Columbia Sportswear by 77.5% during the 1st quarter. Huntington National Bank now owns 1,448 shares of the textile maker’s stock worth $101,000 after purchasing an additional 632 shares in the last quarter. Institutional investors own 41.76% of the company’s stock.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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