StockNews.com Downgrades Columbia Sportswear (NASDAQ:COLM) to Hold

Columbia Sportswear (NASDAQ:COLM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts have also weighed in on COLM. Stifel Nicolaus upped their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

Columbia Sportswear Stock Down 1.6 %

NASDAQ:COLM opened at $79.66 on Wednesday. The stock’s fifty day moving average is $86.46 and its two-hundred day moving average is $83.05. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. On average, sell-side analysts expect that Columbia Sportswear will post 3.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Columbia Sportswear in the fourth quarter valued at $1,904,000. Proficio Capital Partners LLC purchased a new position in shares of Columbia Sportswear during the fourth quarter worth about $1,472,000. Victory Capital Management Inc. grew its holdings in shares of Columbia Sportswear by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 15,318 shares of the textile maker’s stock worth $1,286,000 after purchasing an additional 365 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.