Columbia Sportswear (NASDAQ:COLM) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

Several other research analysts also recently issued reports on the company. ValuEngine downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Monday, April 29th. Canaccord Genuity set a $107.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, April 26th. DA Davidson set a $129.00 target price on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Pivotal Research reissued a “buy” rating and set a $117.00 target price (up previously from $112.00) on shares of Columbia Sportswear in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Columbia Sportswear presently has a consensus rating of “Buy” and an average target price of $108.93.

Columbia Sportswear stock opened at $97.77 on Friday. Columbia Sportswear has a 1 year low of $80.03 and a 1 year high of $109.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.41 and a quick ratio of 2.33. The company has a market capitalization of $6.33 billion, a PE ratio of 24.38, a PEG ratio of 2.28 and a beta of 0.64.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.23. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The company had revenue of $654.61 million during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Columbia Sportswear will post 4.55 EPS for the current fiscal year.

In other Columbia Sportswear news, Director Murrey R. Albers sold 11,608 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $97.32, for a total transaction of $1,129,690.56. Following the transaction, the director now directly owns 39,350 shares in the company, valued at approximately $3,829,542. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter Klenz sold 6,754 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $105.87, for a total value of $715,045.98. Following the transaction, the director now owns 15,678 shares in the company, valued at $1,659,829.86. The disclosure for this sale can be found here. Insiders have sold a total of 46,837 shares of company stock worth $4,853,186 over the last 90 days. Company insiders own 56.57% of the company’s stock.

Several institutional investors have recently bought and sold shares of COLM. Federated Investors Inc. PA boosted its holdings in shares of Columbia Sportswear by 109.7% during the 3rd quarter. Federated Investors Inc. PA now owns 183,096 shares of the textile maker’s stock worth $17,040,000 after buying an additional 95,770 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Columbia Sportswear by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 13,842 shares of the textile maker’s stock worth $1,289,000 after buying an additional 292 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Columbia Sportswear by 609.7% during the 4th quarter. First Hawaiian Bank now owns 3,137 shares of the textile maker’s stock worth $264,000 after buying an additional 2,695 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $4,454,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Columbia Sportswear by 31.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,466 shares of the textile maker’s stock worth $207,000 after buying an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 37.89% of the company’s stock.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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