Columbia Sportswear (NASDAQ:COLM) Upgraded to Buy at StockNews.com

Columbia Sportswear (NASDAQ:COLM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

COLM has been the subject of a number of other reports. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Stock Down 0.1 %

Shares of NASDAQ:COLM traded down $0.12 during midday trading on Friday, reaching $80.35. 852,835 shares of the company were exchanged, compared to its average volume of 462,096. The firm has a market cap of $4.70 billion, a PE ratio of 22.20, a P/E/G ratio of 2.87 and a beta of 0.92. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23. The stock has a fifty day simple moving average of $81.01 and a two-hundred day simple moving average of $80.76.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 12.31% and a net margin of 6.42%. Columbia Sportswear’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. As a group, analysts forecast that Columbia Sportswear will post 3.8 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 the company. Blue Trust Inc. increased its position in Columbia Sportswear by 116.6% in the 2nd 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 shares of Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear in the 3rd quarter worth $65,000. Finally, Dnca Finance acquired a new stake in Columbia Sportswear in the 2nd quarter valued at $68,000. 47.76% of the stock is 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.