Columbia Sportswear (NASDAQ:COLM) Stock Price Expected to Rise, UBS Group Analyst Says

Columbia Sportswear (NASDAQ:COLM - Get Free Report) had its price objective upped by analysts at UBS Group from $42.00 to $51.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a "sell" rating on the textile maker's stock. UBS Group's price target would indicate a potential downside of 22.16% from the company's current price.

COLM has been the topic of several other reports. Stifel Nicolaus decreased their price objective on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Citigroup restated a "neutral" rating and set a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Finally, StockNews.com downgraded 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $74.80.

Columbia Sportswear Trading Up 0.9 %

COLM stock traded up $0.61 during trading on Monday, reaching $65.52. The stock had a trading volume of 842,757 shares, compared to its average volume of 549,904. Columbia Sportswear has a 52 week low of $59.07 and a 52 week high of $92.88. The stock's 50 day moving average is $77.71 and its two-hundred day moving average is $81.86. The firm has a market cap of $3.63 billion, a PE ratio of 16.93, a PEG ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share 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%. On average, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of the firm's 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 completion of the transaction, the director now owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 in the company, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Columbia Sportswear

Several large investors have recently made changes to their positions in COLM. Norges Bank acquired a new position in Columbia Sportswear during the 4th quarter worth approximately $25,710,000. Arrowstreet Capital Limited Partnership boosted its position in Columbia Sportswear by 447.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock valued at $24,715,000 after buying an additional 240,709 shares during the period. Barclays PLC grew its position in shares of Columbia Sportswear by 487.8% in the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock worth $22,770,000 after buying an additional 225,140 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after buying an additional 134,813 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Columbia Sportswear in the fourth quarter worth about $9,626,000. Institutional investors and hedge funds own 47.76% of the company's stock.

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.