Columbia Sportswear (NASDAQ:COLM) Price Target Lowered to $91.00 at Stifel Nicolaus

Columbia Sportswear (NASDAQ:COLM - Get Free Report) had its price target dropped by investment analysts at Stifel Nicolaus from $100.00 to $91.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the textile maker's stock. Stifel Nicolaus' target price suggests a potential upside of 38.05% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Citigroup restated a "neutral" rating and set a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Columbia Sportswear has an average rating of "Hold" and a consensus price target of $74.80.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM traded down $1.63 during trading on Thursday, reaching $65.92. The company had a trading volume of 192,608 shares, compared to its average volume of 546,841. Columbia Sportswear has a twelve month low of $59.07 and a twelve month high of $92.88. The firm has a market capitalization of $3.65 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. The firm's fifty day moving average is $78.78 and its 200 day moving average is $82.35.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Equities analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company's stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.

Institutional Investors Weigh In On Columbia Sportswear

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Columbia Sportswear by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Columbia Sportswear in the 4th quarter worth approximately $1,904,000. Proficio Capital Partners LLC acquired a new stake in shares of Columbia Sportswear during the fourth quarter worth $1,472,000. Truist Financial Corp lifted its holdings in Columbia Sportswear by 143.6% in the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock valued at $999,000 after buying an additional 7,019 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Columbia Sportswear during the 4th quarter valued at about $296,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

About Columbia Sportswear

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.