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

Columbia Sportswear (NASDAQ:COLM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Stock Performance

Shares of COLM opened at $80.35 on Friday. The stock has a 50 day simple moving average of $80.95 and a 200 day simple moving average of $80.80. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The firm has a market capitalization 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 (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.31% and a net margin of 6.42%. The firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the prior year, the firm posted $1.70 EPS. The business’s revenue was down 5.5% on a year-over-year basis. Equities research analysts predict that Columbia Sportswear will post 3.8 EPS for the current fiscal year.

Institutional Trading of Columbia Sportswear

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Columbia Sportswear by 0.7% in the first 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. increased its holdings in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after purchasing an additional 454,738 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Columbia Sportswear by 1.1% in 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbia Sportswear by 4.9% in 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 in the last quarter. Finally, American Century Companies Inc. grew its stake in Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after acquiring an additional 372,886 shares during the period. 47.76% of the stock is owned by institutional investors and hedge funds.

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.