Columbia sportswear

Columbia Sportswear (NASDAQ:COLM) upgraded to buy by StockNews.com


Columbia Sportswear (NASDAQ:COLM – Get Note) was upgraded by StockNews.com equity analysts from a “hold” to a “buy” rating in a report released Thursday.

Other research analysts have also recently released reports on the stock. Citigroup lowered its target price on shares of Columbia Sportswear from $98.00 to $80.00 in a report released Thursday. UBS Group lowered its price target on shares of Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday. TheStreet reduced shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28, research note. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, Robert W. Baird lowered his price target on shares of Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday. One analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $89.38.

Columbia Sportswear Stock Up 0.5%

Shares of COLM opened at $74.01 on Thursday. The company has a 50-day moving average price of $74.59 and a two-hundred-day moving average price of $84.01. The company has a market capitalization of $4.65 billion, a PE ratio of 13.34, a growth price-earnings ratio of 1.47 and a beta of 0.91. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $578.06 million for the quarter, versus $592.35 million expected by analysts. During the same period last year, the company earned earnings per share of $0.61. The company’s revenue for the quarter increased 2.1% year over year. As a group, research analysts expect Columbia Sportswear to post EPS of 5.83 for the current year.

Insiders place their bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now owns 14,402 shares of the company, valued at $1,154,464.32. The transaction was disclosed in a legal filing with the SEC, accessible via this link. In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now owns 14,402 shares of the company, valued at $1,154,464.32. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. As a result of the sale, the administrator now directly owns 112,627 shares of the company, valued at approximately $9,138,554.78. The disclosure of this sale can be found here. Insiders hold 42.37% of the company’s shares.

Hedge funds weigh on Columbia Sportswear

Hedge funds have recently changed their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Columbia Sportswear during the first quarter worth $27,000. Exchange Traded Concepts LLC acquired a new position in shares of Columbia Sportswear during the first quarter worth $31,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Columbia Sportswear during the fourth quarter worth $43,000. Lazard Asset Management LLC acquired a new position in shares of Columbia Sportswear during the first quarter worth $45,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear during the second quarter at a value of $49,000. Institutional investors and hedge funds own 48.65% of the company’s shares.

About Columbia Sportswear

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Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)



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