Columbia Sportswear (NASDAQ:COLM) Stock Rating Upgraded by StockNews.com

Columbia Sportswear (NASDAQ:COLMGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other analysts have also recently weighed in on COLM. TheStreet cut shares of Columbia Sportswear from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Cowen cut their price target on shares of Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. Bank of America lowered shares of Columbia Sportswear from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $108.00 to $80.00 in a report on Friday, April 29th. Robert W. Baird cut their price target on shares of Columbia Sportswear from $110.00 to $100.00 in a report on Friday, April 29th. Finally, Cowen cut their price target on shares of Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.43.

NASDAQ COLM opened at $73.00 on Tuesday. The firm’s fifty day moving average price is $77.60 and its two-hundred day moving average price is $87.28. The stock has a market cap of $4.59 billion, a PE ratio of 13.15, a PEG ratio of 1.55 and a beta of 0.91. Columbia Sportswear has a fifty-two week low of $68.29 and a fifty-two week high of $107.50.

Columbia Sportswear (NASDAQ:COLMGet Rating) last posted its earnings results on Thursday, April 28th. The textile maker reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.17. The firm had revenue of $761.50 million for the quarter, compared to analysts’ expectations of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, analysts expect that Columbia Sportswear will post 5.88 EPS for the current year.

In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of Columbia Sportswear stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company’s stock, valued at $1,154,464.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen E. Babson sold 2,568 shares of Columbia Sportswear stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the completion of the sale, the director now directly owns 112,627 shares of the company’s stock, valued at $9,138,554.78. The disclosure for this sale can be found here. 42.37% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Columbia Sportswear by 56.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,000 shares of the textile maker’s stock worth $453,000 after acquiring an additional 1,800 shares in the last quarter. Bank of America Corp DE grew its position in Columbia Sportswear by 10.7% in the 1st quarter. Bank of America Corp DE now owns 312,841 shares of the textile maker’s stock worth $28,323,000 after purchasing an additional 30,193 shares in the last quarter. Verition Fund Management LLC bought a new stake in Columbia Sportswear in the 1st quarter worth about $227,000. Neuberger Berman Group LLC grew its position in Columbia Sportswear by 7.8% in the 1st quarter. Neuberger Berman Group LLC now owns 241,202 shares of the textile maker’s stock worth $21,836,000 after purchasing an additional 17,362 shares in the last quarter. Finally, Polar Asset Management Partners Inc. grew its position in Columbia Sportswear by 6.3% in the 1st quarter. Polar Asset Management Partners Inc. now owns 354,260 shares of the textile maker’s stock worth $32,071,000 after purchasing an additional 21,000 shares in the last quarter. 48.65% of the stock is owned by institutional investors.

About Columbia Sportswear (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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