Columbia Sportswear (COLM) Rating Increased to Outperform at Macquarie

Columbia Sportswear (NASDAQ:COLM) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, The Fly reports.

A number of other research firms have also issued reports on COLM. Citigroup upped their price target on Columbia Sportswear from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Pivotal Research upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the company from $97.00 to $107.00 in a research report on Thursday, December 6th. Wedbush restated an “outperform” rating and issued a $104.00 price target on shares of Columbia Sportswear in a research report on Tuesday, November 13th. BidaskClub upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, DA Davidson upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Thursday, November 29th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $94.40.

NASDAQ:COLM opened at $81.83 on Friday. Columbia Sportswear has a 12 month low of $70.36 and a 12 month high of $95.74. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.90 and a beta of 0.72.



Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.14. The business had revenue of $795.80 million during the quarter, compared to analyst estimates of $791.25 million. Columbia Sportswear had a return on equity of 15.43% and a net margin of 5.56%. As a group, equities analysts anticipate that Columbia Sportswear will post 3.61 earnings per share for the current year.

In other Columbia Sportswear news, Director Sarah Bany sold 19,946 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total transaction of $1,773,398.86. Following the transaction, the director now directly owns 11,610 shares in the company, valued at $1,032,245.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy D. Bryant sold 13,274 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $91.75, for a total value of $1,217,889.50. Following the transaction, the director now owns 42,060 shares in the company, valued at $3,859,005. The disclosure for this sale can be found here. Corporate insiders own 56.68% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in COLM. Legal & General Group Plc raised its stake in shares of Columbia Sportswear by 27.9% in the second quarter. Legal & General Group Plc now owns 13,550 shares of the textile maker’s stock valued at $1,239,000 after acquiring an additional 2,954 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Columbia Sportswear by 200.7% in the second quarter. PNC Financial Services Group Inc. now owns 10,315 shares of the textile maker’s stock valued at $944,000 after acquiring an additional 6,885 shares in the last quarter. FMR LLC raised its stake in shares of Columbia Sportswear by 1.1% in the second quarter. FMR LLC now owns 291,980 shares of the textile maker’s stock valued at $26,708,000 after acquiring an additional 3,283 shares in the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of Columbia Sportswear in the second quarter valued at $816,000. Finally, Raymond James & Associates raised its stake in shares of Columbia Sportswear by 48.6% in the second quarter. Raymond James & Associates now owns 21,640 shares of the textile maker’s stock valued at $1,979,000 after acquiring an additional 7,074 shares in the last quarter. Institutional investors own 36.86% 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, 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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The Fly

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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