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

Columbia Sportswear (NASDAQ:COLM) had its price target raised by analysts at TD Cowen from $70.00 to $84.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. TD Cowen’s price objective would indicate a potential downside of 3.63% from the stock’s previous close.

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

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $87.16 on Tuesday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $88.62. The company has a market capitalization of $4.98 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 3.71 and a beta of 0.92. The company has a 50-day simple moving average of $81.60 and a 200 day simple moving average of $81.30.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (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%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.70 earnings per share. As a group, equities analysts forecast that Columbia Sportswear will post 3.87 earnings per share for the current year.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently modified their holdings of COLM. Vanguard Group Inc. raised its position in shares of 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 buying an additional 21,104 shares in the last quarter. Pacer Advisors Inc. raised its position in Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after purchasing an additional 292,716 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Columbia Sportswear by 1.1% during the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock worth $103,180,000 after purchasing an additional 13,636 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after purchasing an additional 56,348 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after purchasing an additional 372,886 shares in the last quarter. Institutional investors 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.