Columbia Sportswear (NASDAQ:COLM) Raised 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 research report issued on Thursday.

Separately, TD Cowen upped their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM opened at $88.58 on Thursday. The firm’s 50 day moving average price is $82.36 and its 200 day moving average price is $81.47. The firm has a market cap of $5.07 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.70 and a beta of 0.94. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $88.92.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities analysts predict that Columbia Sportswear will post 3.89 EPS for the current year.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares in the last quarter. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 225 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Columbia Sportswear by 1.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock valued at $2,359,000 after buying an additional 275 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Columbia Sportswear by 1.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock worth $2,686,000 after buying an additional 506 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Columbia Sportswear by 2.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock worth $1,980,000 after buying an additional 538 shares during the last quarter. Institutional investors and hedge funds 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.