Columbia Sportswear (NASDAQ:COLM) Price Target Cut to $55.00 by Analysts at Citigroup

Columbia Sportswear (NASDAQ:COLM) had its price objective cut by stock analysts at Citigroup from $61.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Citigroup’s price target indicates a potential upside of 9.39% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Columbia Sportswear in a research note on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $75.00 price objective on shares of Columbia Sportswear in a research note on Friday. Barclays decreased their target price on shares of Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Stifel Nicolaus cut their price target on shares of Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday. Finally, Cfra Research raised shares of Columbia Sportswear to a “hold” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Columbia Sportswear presently has an average rating of “Reduce” and an average price target of $60.50.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock traded up $0.65 during trading on Monday, hitting $50.28. The company’s stock had a trading volume of 675,382 shares, compared to its average volume of 753,686. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $92.88. The company has a market capitalization of $2.75 billion, a PE ratio of 12.83 and a beta of 0.98. The company has a fifty day simple moving average of $53.53 and a two-hundred day simple moving average of $58.35.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, October 30th. The textile maker reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.16. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The business had revenue of $943.43 million for the quarter, compared to analysts’ expectations of $917.02 million. During the same quarter in the prior year, the company earned $1.56 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Columbia Sportswear has set its Q4 2025 guidance at 1.040-1.340 EPS. FY 2025 guidance at 3.010-3.310 EPS. As a group, analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in Columbia Sportswear by 449.1% during the first quarter. Deutsche Bank AG now owns 21,477 shares of the textile maker’s stock valued at $1,626,000 after buying an additional 17,566 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Columbia Sportswear during the 1st quarter valued at $10,834,000. Dean Capital Management increased its stake in shares of Columbia Sportswear by 63.4% in the 1st quarter. Dean Capital Management now owns 24,956 shares of the textile maker’s stock worth $1,889,000 after purchasing an additional 9,684 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth $518,000. Finally, Crossmark Global Holdings Inc. raised its holdings in Columbia Sportswear by 18.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 42,989 shares of the textile maker’s stock worth $3,254,000 after purchasing an additional 6,693 shares during the period. 47.76% of the stock is currently owned by institutional investors.

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.