Columbia Sportswear (NASDAQ:COLM) updated on

Columbia Sportswear (NASDAQ:COLMGet a rating) has been updated by from a “hold” rating to a “buy” rating in a research report released Friday to clients and investors.

Several other research companies have also recently published reports on COLM. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research note. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the company from $108.00 to $80.00 in a Friday 29 research note. april. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Finally, Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research report. One research analyst rated the stock with a sell rating, four assigned a hold rating and four issued a buy rating to the company’s shares. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $103.43.

Stock Columbia Sportswear traded down $2.27 during Friday’s midday session, hitting $75.23. 351,160 shares of the company were traded, against an average volume of 439,555. The company’s 50-day simple moving average is $81.65 and its two-hundred-day simple moving average is $89.75 . Columbia Sportswear has a twelve month low of $70.91 and a twelve month high of $107.50. The company has a market capitalization of $4.73 billion, a PE ratio of 13.55, a growth price-earnings ratio of 1.59 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLMGet a rating) last released its quarterly results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s revenue for the quarter increased 21.7% year over year. During the same period last year, the company earned earnings per share of $0.84. Sell-side analysts expect Columbia Sportswear to post an EPS of 5.88 for the current fiscal year.

In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a legal filing with the SEC, which is available via this link. Also, 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 value of $208,367.52. Following completion of the transaction, the administrator now directly owns 112,627 shares of the company, valued at $9,138,554.78. Disclosure of this sale can be found here. 41.15% of the shares are held by insiders.

Hedge funds have recently been buying and selling shares of the company. Meeder Asset Management Inc. acquired a new stake in Columbia Sportswear in the first quarter worth approximately $27,000. First Manhattan Co. increased its equity stake in Columbia Sportswear by 304.9% during the third quarter. First Manhattan Co. now owns 332 shares of the textile maker worth $31,000 after buying an additional 250 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Columbia Sportswear in Q1 worth $31,000. Bedel Financial Consulting Inc. increased its position in Columbia Sportswear by 300.0% during the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker valued at $39,000 after acquiring an additional 300 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Columbia Sportswear during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds hold 48.65% of the company’s shares.

About Columbia Sportswear (Get a rating)

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, the 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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