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

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

COLM has been the topic of a number of other reports. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reiterated a “neutral” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Trading Down 0.1 %

COLM stock opened at $80.35 on Friday. The stock’s fifty day simple moving average is $80.95 and its two-hundred day simple moving average is $80.80. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $87.23. The stock has a market cap of $4.70 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.87 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. The firm had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 6.42%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. As a group, analysts forecast that Columbia Sportswear will post 3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Impax Asset Management Group plc raised its position in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after acquiring an additional 40,000 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Columbia Sportswear by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock worth $2,686,000 after purchasing an additional 506 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Columbia Sportswear by 39.6% during the third quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock valued at $21,580,000 after buying an additional 73,602 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in 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 acquiring an additional 275 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Columbia Sportswear by 75.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker’s stock valued at $468,000 after purchasing an additional 2,425 shares during the period. Institutional investors 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.