Columbia Sportswear (NASDAQ:COLM) Lowered to Hold Rating by StockNews.com

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

Separately, TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus price target of $78.75.

Columbia Sportswear Trading Up 0.3 %

Columbia Sportswear stock traded up $0.24 during mid-day trading on Wednesday, hitting $87.16. The company’s stock had a trading volume of 319,588 shares, compared to its average volume of 463,467. The firm has a market capitalization of $4.98 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 3.71 and a beta of 0.92. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $88.62. The stock’s fifty day moving average is $81.60 and its two-hundred day moving average is $81.30.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company had revenue of $931.80 million for the quarter, compared to analysts’ expectations of $937.17 million. During the same period in the prior year, the firm earned $1.70 earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, equities analysts expect that Columbia Sportswear will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in Columbia Sportswear by 2.1% during the third quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker’s stock valued at $16,950,000 after purchasing an additional 4,425 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Columbia Sportswear by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after acquiring an additional 4,727 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in shares of Columbia Sportswear in the 3rd quarter valued at approximately $715,000. Holocene Advisors LP lifted its position in shares of Columbia Sportswear by 71.8% in the 3rd quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker’s stock valued at $4,758,000 after acquiring an additional 23,909 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Columbia Sportswear by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,102 shares of the textile maker’s stock valued at $8,910,000 after acquiring an additional 794 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

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.