Columbia Sportswear (NASDAQ:COLM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

Several other research analysts also recently weighed in on COLM. Pivotal Research dropped their target price on shares of Columbia Sportswear from $101.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, April 29th. Citigroup upped their target price on shares of Columbia Sportswear from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. BTIG Research started coverage on shares of Columbia Sportswear in a report on Tuesday, April 28th. They issued a “neutral” rating for the company. Cfra dropped their target price on shares of Columbia Sportswear from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, DA Davidson raised shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, June 24th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $101.30.

Shares of COLM stock traded down $4.67 during mid-day trading on Thursday, reaching $75.84. 632,974 shares of the company’s stock traded hands, compared to its average volume of 275,090. Columbia Sportswear has a 12 month low of $51.82 and a 12 month high of $109.44. The firm has a 50 day moving average price of $78.99 and a two-hundred day moving average price of $78.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.86 and a current ratio of 2.80. The firm has a market capitalization of $5.01 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 12.70 and a beta of 0.67.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 30th. The textile maker reported ($0.77) earnings per share for the quarter, topping the consensus estimate of ($0.88) by $0.11. The company had revenue of $316.61 million during the quarter, compared to the consensus estimate of $315.43 million. Columbia Sportswear had a net margin of 6.66% and a return on equity of 10.36%. As a group, equities analysts expect that Columbia Sportswear will post 2.04 earnings per share for the current fiscal year.

In other news, major shareholder Gertrude Boyle Trust sold 3,244 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $81.88, for a total transaction of $265,618.72. Following the sale, the insider now directly owns 8,359,898 shares in the company, valued at approximately $684,508,448.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Sarah Bany sold 3,410 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $73.32, for a total transaction of $250,021.20. Following the sale, the insider now owns 1,154,136 shares in the company, valued at $84,621,251.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,615,098 shares of company stock worth $126,863,011 over the last 90 days. Corporate insiders own 41.15% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Comerica Bank raised its position in shares of Columbia Sportswear by 3.1% during the 2nd quarter. Comerica Bank now owns 23,423 shares of the textile maker’s stock valued at $1,870,000 after buying an additional 713 shares in the last quarter. UBS Group AG raised its position in Columbia Sportswear by 4.2% in the 2nd quarter. UBS Group AG now owns 31,393 shares of the textile maker’s stock worth $2,530,000 after purchasing an additional 1,272 shares during the period. State of Michigan Retirement System raised its position in Columbia Sportswear by 29.5% in the 2nd quarter. State of Michigan Retirement System now owns 10,356 shares of the textile maker’s stock worth $834,000 after purchasing an additional 2,356 shares during the period. CIBC Asset Management Inc purchased a new stake in Columbia Sportswear in the 2nd quarter worth about $203,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Columbia Sportswear by 14.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,329 shares of the textile maker’s stock worth $268,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 41.76% of the company’s stock.

Columbia Sportswear Company Profile

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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