Columbia Sportswear (NASDAQ:COLM) Trading Down 5.3% – Time to Sell?

Columbia Sportswear (NASDAQ:COLM) shares were down 5.3% during mid-day trading on Monday . The company traded as low as $79.88 and last traded at $79.88. Approximately 141,614 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 453,664 shares. The stock had previously closed at $84.39.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush reissued a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price target for the company from $84.00 to $92.00 in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Trading Down 1.5 %

The company has a 50 day simple moving average of $81.52 and a 200 day simple moving average of $80.78. The stock has a market cap of $4.61 billion, a P/E ratio of 19.09, a PEG ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. As a group, sell-side analysts expect that Columbia Sportswear will post 3.84 earnings per share for the current year.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds have recently bought and sold shares of COLM. Blue Trust Inc. lifted its stake in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. GAMMA Investing LLC increased its holdings in Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares during the last quarter. Headlands Technologies LLC grew its stake in Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after buying an additional 381 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Columbia Sportswear during the third quarter valued at approximately $65,000. Finally, Dnca Finance purchased a new position in Columbia Sportswear during the second quarter worth about $68,000. 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.