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Columbia Sportswear (NASDAQ:COLM) Lowered to “Hold” at StockNews.com


Columbia Sportswear (NASDAQ:COLM – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

COLM has been the topic of several other research reports. Cowen dropped their target price on shares of Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. Cowen dropped their target price on shares of Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a report on Thursday, April 28th. Bank of America lowered shares of Columbia Sportswear from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $108.00 to $80.00 in a research report on Friday, April 29th. Finally, Robert W. Baird decreased their price target on shares of Columbia Sportswear from $110.00 to $100.00 in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $103.43.

Shares of Columbia Sportswear stock traded up $2.65 during midday trading on Monday, reaching $71.38. 13,949 shares of the company’s stock traded hands, compared to its average volume of 441,810. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. The company’s 50 day simple moving average is $79.64 and its 200 day simple moving average is $88.44. Columbia Sportswear has a 52 week low of $68.29 and a 52 week high of $107.50.

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

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its stake in shares of Columbia Sportswear by 31.5% during the fourth quarter. Teacher Retirement System of Texas now owns 7,035 shares of the textile maker’s stock worth $685,000 after buying an additional 1,687 shares during the last quarter. Citigroup Inc. increased its stake in Columbia Sportswear by 28.0% in the fourth quarter. Citigroup Inc. now owns 13,222 shares of the textile maker’s stock valued at $1,288,000 after purchasing an additional 2,896 shares in the last quarter. Pictet Asset Management SA increased its stake in Columbia Sportswear by 32.8% in the fourth quarter. Pictet Asset Management SA now owns 464,750 shares of the textile maker’s stock valued at $45,285,000 after purchasing an additional 114,671 shares in the last quarter. Aviva PLC increased its stake in Columbia Sportswear by 20.7% in the fourth quarter. Aviva PLC now owns 35,769 shares of the textile maker’s stock valued at $3,485,000 after purchasing an additional 6,145 shares in the last quarter. Finally, Strs Ohio bought a new stake in Columbia Sportswear in the fourth quarter valued at approximately $1,622,000. 48.65% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Company Profile (GetRating)

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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