Analysis: Columbia Sportswear Company (NASDAQ:COLM) Stock Target Has Just Been Increased Today
In a comprehensive report released by Susquehanna on 11 December, the firm, Columbia Sportswear Company (NASDAQ:COLM), had their target PPS cut to $51.00. Analusts now have a solid “Neutral” rating on the stock.
From a total of 15 analysts covering Columbia Sportswear Company (NASDAQ:COLM) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 41% of the ratings are positive. The highest target price is $75 while the lowest target price is $46. The mean of all analyst targets is $64.87 with a 50.82% above today’s ($45.22) stock price. Columbia Sportswear Company was the topic of 8 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on November 19 to “Neutral” rating. BB&T Capital initiated COLM stock in a recent report from September 11 with “Buy” rating.
Approximately 263,074 shares of stock traded hands. Columbia Sportswear Company (NASDAQ:COLM) has declined 19.73% since May 8, 2015 and is downtrending. It has underperformed by 16.72% the S&P500.
The overall sentiment of institutions has increased to 1.07 in Q2 2015. Its up 0.26, from 0.81 in 2015Q2. The ratio is positive, as 15 institutions have sold all the shares of Columbia Sportswear Company that they owned while 59 funds have taken shares off the table. 27 funds have purchased shares for the first time while 52 added to their positions. These institutions now hold 34.94 million shares or 34.96% more than the 25.89 million shares they owned in 2015Q2.
The Fund Beddow Capital Management Inc currently is holding shares equating to 2.91% of its total portfolio in Columbia Sportswear Company representing a total of 118,505 shares. Another fund,Copper Rock Capital Partners Llc, is holding a total of 553,347 shares equating to 2.75% of their holdings. Additionally, Century Capital Management Llc has a 473,679 share stake in Columbia Sportswear Company which represents 1.58% of their total portfolio. The Fund, Southernsun Asset Management Llc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 1.27% of their total portfolio. Finally Zebra Capital Management Llc, a fund which is based in the state of Connecticut reported a total holdings of 32,024 shares.
Insider activity is a very important aspect to track on any stock. Going back to February 27, 2015, shareholders of Columbia Sportswear Company have witnessed 0 buys, and a total of 2 sales equating to a net activity of approximately $951,051 . Cox David Shawn sold 1,700 shares worth approximately $116,595. Klenz Walter sold 12,940 shares worth approximately $834,456. Bragdon Peter J sold 10,000 shares worth approximately $575,132. Gaylord Christopher A. sold 8,622 shares worth approximately $481,108.
Columbia Sportswear Company is a hat distributor. The company has a market cap of $3.23 billion. The Firm designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and Montrail brands. It has 19.28 P/E ratio. It offers products, including outerwear, sportswear, footwear, accessories and equipment for a variety of activities and consumers.
According to Zacks Investment Research, “Columbia Sportswear Company is a global leader in design, sourcing, marketing and distribution of active outdoor apparel and footwear, with operations in North America, Europe and Asia. As one of the largest outerwear companies in the world and the leading seller of skiwear in the United States, the company has developed an international reputation across an expanding product line for quality, performance, functionality and value.” Get a free copy of the Zacks research report on Columbia Sportswear Company (COLM).